Ultimate! Genesis Chooses To Retire From The Crypto World!

<p>&nbsp;"Don't think Genesis will lose like this, maybe they will rise again later."</p><p><br /></p><p>Unbeknownst to them, a key player in the Genesis Global cryptocurrency market has finally decided to completely exit digital asset trading.</p><p><br /></p><p>Earlier, Genesis Global had stopped their spot trading services but now the platform will stop all its trading activities which is a subsidiary of GGCI International Ltd.</p><p><br /></p><p>The move was made when another entity under Digital Currency Group (DCG) called Genesis Global Holdco which is a crypto lending platform filed for bankruptcy in January 2023 causing the entire crypto market to experience shock.</p><p><br /></p><p><br /></p><p>The streak, Genesis representatives said that the voluntary decision is part of its larger strategy to re-develop the company globally.</p><p><br /></p><p>Following GGCI will stop offering derivatives trading, spot trading services at the same time will end on 21 September 2023.</p><p><br /></p><p>Since its establishment in 2013, Genesis Global has played an important role in the crypto market, so here it can be seen that its sudden withdrawal is a very unusual act.</p><p><br /></p><p>In addition to handling $116.5 billion in spot trades over the years and ranking top institutional derivatives by trading volume, Genesis Global's derivatives trades in the third quarter of 2022 were reported to be worth $18.7 billion.</p><p><br /></p><p>There's no denying Genesis Global's decision was influenced by internal factors, but it has reflected the broader challenges facing digital asset exchanges from regulatory scrutiny to crypto market volatility.</p>