{"id":23272,"date":"2023-09-05T18:16:35","date_gmt":"2023-09-05T18:16:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/genesis-global-trading-to-close-its-over-the-counter-trading-platform\/"},"modified":"2023-09-05T18:16:35","modified_gmt":"2023-09-05T18:16:35","slug":"genesis-global-trading-to-close-its-over-the-counter-trading-platform","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/genesis-global-trading-to-close-its-over-the-counter-trading-platform\/","title":{"rendered":"Genesis Global Trading to close its over-the-counter trading platform"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1693936997376-2c8be72e-d5e6-4f5f-8611-ae84b90511a2-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1693936997376-2c8be72e-d5e6-4f5f-8611-ae84b90511a2-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1693936997376-2c8be72e-d5e6-4f5f-8611-ae84b90511a2-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1693936997376-2c8be72e-d5e6-4f5f-8611-ae84b90511a2-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Genesis Global Trading avoided Genesis bankruptcy earlier this year.<\/li>\n<li>Genesis is currently trying to raise funds to pay back its creditors.<\/li>\n<li>Genesis\u2019 parent company DCG came to its rescue and reached an in-principle agreement with creditors.<\/li>\n<\/ul>\n<p>According to an email issued to clients on Tuesday, Genesis\u2019 spot <a href=\"https:\/\/coinjournal.net\/cryptocurrencies\/trade\/\">crypto trading<\/a> operation will close down later this month.<\/p>\n<p>According to the email, Genesis Global Trading (GGT) will discontinue its over-the-counter trading platform on September 18. All trades must be completed by September 21; otherwise, all open accounts will be cancelled at the end of the day on September 30. The email stated that \u201cthe decision was made voluntarily and for business\u201d purposes.<\/p>\n<h2>Genesis Global Trading avoided Genesis\u2019 bankruptcy<\/h2>\n<p>Genesis Global Trading was one of a select group of Genesis-affiliated businesses that avoided the <a href=\"https:\/\/coinjournal.net\/news\/genesis-files-for-bankruptcy-what-does-it-mean-for-crypto\/\">conglomerate\u2019s collapse<\/a> earlier this year as a result of crypto financing. The email from the company, however, stated that another division with a focus on trading, GGC International Limited, would keep operating its spot and derivative trading services.<\/p>\n<p>Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry and the parent of Genesis, recently <a href=\"https:\/\/coinjournal.net\/news\/genesis-and-dcg-reach-in-principle-agreement-to-recover-creditors-funds\/\">reached an agreement in principle<\/a> with Genesis\u2019 creditors.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/genesis-global-trading-to-close-its-over-the-counter-trading-platform\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Genesis Global Trading avoided Genesis bankruptcy earlier this year. Genesis is currently trying to raise funds to pay back its creditors. Genesis\u2019 parent company DCG came to its rescue and reached an in-principle agreement with creditors. According to an email issued to clients [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":23273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23272"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23272"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23273"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}