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TechFlow news, Genesis, a cryptocurrency trading and lending institution, will receive a $140 million equity investment from its parent company, Digital Currency Group (DCG). The funding will be used to optimize Genesis' balance sheet and strengthen its position in the crypto market.
Previously, Genesis stated that its derivatives division had $175 million in locked funds in its FTX trading account. Original link
Genesis, a cryptocurrency trading and lending institution, will receive a $140 million equity investment from its parent company, Digital Currency Group (DCG). The funding will be used to optimize Genesis's balance sheet and strengthen its position in the crypto market. Previously, Genesis stated that its derivatives division had $175 million of funds locked in an FTX trading account.
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