HK crypto over-the-counter service Genesis Block to end trading: Reuters PlatoBlockchain Data Intelligence. Vertical Search. Ai.

HK crypto over-the-counter service Genesis Block to end trading: Reuters

image

Genesis Block, a cryptocurrency over-the-counter trading service in Hong Kong, will close its trading portal on Dec. 10, Reuters reported on Friday citing an email the company sent to clients.

See related article: Bahamas regulator orders transfer of all FTX digital assets to government wallet

Fast facts

  • Genesis Block will not take in new users and is asking users to withdraw their funds, according to the report.
  • Genesis Block did not respond to Forkast’s request for comment.
  • Genesis Block is a different company from Genesis Global Trading, a crypto investment bank that has paused withdrawals of assets.
  • HK01, an investigative news outlet in Hong Kong, reported on Thursday that Clement Ip, cofounder of Genesis Block, once served as a director at FTX Hong Kong Limited.

See related article: Who is exposed to FTX? A running compilation on a rapidly moving target

  • Coinsmart. Europe’s Best Bitcoin and Crypto Exchange.Click Here
  • Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
  • Source: https://forkast.news/headlines/hk-crypto-over-the-counter-service-genesis-block-to-end-trading-reuters/

Time Stamp:

More from Forkast