Tag: Genesis Trading

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.

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

The company received the fifth “BitLicense” ever issued by the New York Department of Financial Services. 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.

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