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Ethereum World News 2023-05-26 11:43:39

DCG Packs Up Institutional Trading Platform TradeBlock

Summary: TradeBlock will shutter its institutional trading platform come May 31, per a DCG announcement. Bloomberg reported that parent company Digital Currency Group (DCG) arrived at the decision amidst the hostile crypto regulatory atmosphere in the U.S. The company is also experiencing cash problems and missed a $630 debt repayment to crypto exchange Gemini. DCG subsidiary Genesis declared bankruptcy following frozen withdrawals and exposure to collapsed crypto entities. Digital Currency Group (DCG) will close the curtain on its institutional trading

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