Genesis Global Trading will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group , but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy in January.“This decision was made voluntarily and for business reasons. We are working closely with regulatory authorities to coordinate an orderly discontinuation of services.
GGT began trading in 2013, according to its website. It is registered by the New York State Department of Financial Services. The DCG-affiliated GGC International will continue offering spot and derivatives trading services, Bloomberg said.
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