Genesis Lending Stops Crypto Withdrawals –  Crypto
November 24, 2022

Genesis Lending Stops Crypto Withdrawals – Crypto


Cryptocurrency lender Genesis Global Capital has suspended withdrawals and loan applications following the FTX Exchange crash. tweet from Genesis Trading.

Genesis Global Capital boasts an institutional client base with more than $2.8 billion in active loans.

Genesis Trading operates as a brokerage arm of Genesis Capital and operates and is capitalized independently of the wider credit institution, interim CEO Derar Islim said. However, Islim stated that trading operations and escrow services are still operational.

Source: bitcoinmagazine.com

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