Genesis Global TradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details OTC crypto-platform increased its annual trading volume by 50 percent.
Genesis Global Trading, an over-the-counter digital asset platform, recently reported a 50 percent increase in trading volume compared to last year, despite a large decline in the crypto-market.
In a correspondence with its clients, Genesis also noted that the total amount of crypto-credits that it issued to institutional clients reached almost $ 1 billion in less than a year since the launch of its credit division, Genesis Capital.
The company began to provide loans in BTC, BCH, ETH, XRP and other cryptocurrencies, in March last year. Enterprises that occupy digital currency are financial institutions such as hedge-funds. They use assets to hedge investment positions and against falling crypto-prices.
Genesis Global Trading
Genesis Global Trading, which is part of the Digital Currency Group owned by Barry Silbert, is registered with the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In May 2018, the company received Bitlicense approval from the New York City Department of Financial Services, which allows it to operate in a strict regulatory regime in the state.
Editor: Yulia Krasnaya