Difference between revisions of "Genesis Trading"

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In January 2019, BitGo and Genesis Trading announced a new partnership in order to offer cryptocurrency trading services off-exchange. According to Genesis Trading CEO Michael Moro, clients of BitGo will be able to trade through Genesis Trading cryptocurrency that is deposited with BitGo without having to go through an [[exchange]]. This allows them to execute trades without their digital assets ever leaving BitGo's custody.<ref>{{cite web|url=https://www.theblockcrypto.com/2019/01/16/bitgo-announces-partnership-that-puts-it-up-against-the-largest-crypto-exchanges/|name=BitGo announces partnership that puts it up against the largest crypto exchanges|org=The Block|date=January 16, 2019}}</ref>
 
In January 2019, BitGo and Genesis Trading announced a new partnership in order to offer cryptocurrency trading services off-exchange. According to Genesis Trading CEO Michael Moro, clients of BitGo will be able to trade through Genesis Trading cryptocurrency that is deposited with BitGo without having to go through an [[exchange]]. This allows them to execute trades without their digital assets ever leaving BitGo's custody.<ref>{{cite web|url=https://www.theblockcrypto.com/2019/01/16/bitgo-announces-partnership-that-puts-it-up-against-the-largest-crypto-exchanges/|name=BitGo announces partnership that puts it up against the largest crypto exchanges|org=The Block|date=January 16, 2019}}</ref>
 
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== References ==
 
== References ==
 
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Revision as of 17:26, 1 April 2019


Genesis Trading
Genesis trading.jpg
Founded 2013
Headquarters New York, New York
Key People Michael Moro, CEO
Products Broker Dealer Focused on Digital Currencies
Twitter @GenesisTrading
Website https://genesistrading.com/

Genesis Trading originated as the bitcoin trading division of SecondMarket, which was owned and operated by Barry Silbert before he sold it to Nasdaq in 2015.[1]

Genesis Global Trading is a subsidiary of Silbert's Digital Currency Group, which itself was launched in 2015 with funding from Bain Capital Venutres, MasterCard, New York Life and other firms. The Digital Currency Group operated Genesis Trading from the time of The Digital Currency Group's launch.[2]

Genesis Trading received the fifth "BitLicense" ever issued by the New York Department of Financial Services.[3] The BitLicense allows Genesis Trading to broker trades for institutional and high net worth investors in bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Ripple, Litecoin, and Zcash.[4]

According to The Block, an online cryptocurrency-focused news service, Genesis Trading told its clients in an email that it had experienced a 50% increase in OTC trading in 2018.[5]

In January 2019, BitGo and Genesis Trading announced a new partnership in order to offer cryptocurrency trading services off-exchange. According to Genesis Trading CEO Michael Moro, clients of BitGo will be able to trade through Genesis Trading cryptocurrency that is deposited with BitGo without having to go through an exchange. This allows them to execute trades without their digital assets ever leaving BitGo's custody.[6]


References

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