Industry | Financial services |
---|---|
Founded | 2013 |
Founder | Barry Silbert |
Area served | Worldwide |
Key people | Derar Islim (interim CEO) |
Parent | Digital Currency Group |
Website | genesistrading |
Genesis is a cryptocurrency intermediary for institutional investors, with Digital Currency Group (DCG) as its parent company.[1]
Genesis operates several businesses, including Genesis Global Trading, Inc. (“GGT”), Genesis Global Capital, LLC (“GGC”), Genesis Asia Pacific Pte. Ltd. (“GAP”), GGC International Limited (“GGCI”), and Genesis Custody Limited (“Genesis Custody”).[citation needed][2] Genesis Trading provides over-the-counter (OTC) trading services for large-volume digital assets transactions.[citation needed] Genesis' lending business offers institutional lending services to clients who want to borrow or lend digital assets.[citation needed]
Genesis filed for Chapter 11 bankruptcy on January 19, 2023, to request court protection to reorganize its digital assets lending and borrowing business.[3]