skip to Main Content
bitcoin
Bitcoin (BTC) $ 99,147.56 1.39%
ethereum
Ethereum (ETH) $ 3,480.32 0.78%
tether
Tether (USDT) $ 0.999138 0.02%
xrp
XRP (XRP) $ 2.31 0.72%
bnb
BNB (BNB) $ 703.89 1.90%
solana
Solana (SOL) $ 198.96 2.50%
dogecoin
Dogecoin (DOGE) $ 0.332915 0.83%
usd-coin
USDC (USDC) $ 0.999797 0.01%
staked-ether
Lido Staked Ether (STETH) $ 3,475.25 0.78%
cardano
Cardano (ADA) $ 0.917913 0.19%

Digital Currency Group Shuts Down TradeBlock Unit, Trade Execution Service

Digital Currency Group – the cryptocurrency firm founded and spearheaded by Barry Silber, announced today that it will be shutting down its trade execution and prime brokerage unit – TradeBlock.

  • According to a Bloomberg report, the shutdown of the unit will be effective starting from May 31st.
  • CoinDesk, the news media owned by DCG, also revealed a statement by the latter:

Due to the state of the braoder economy and prolonged crypto winter, along wiht the challenging regulatory environment for digital assets in the US, we made the deision to susnet the institutional traading platform side of the business, known as TradeBlock, effective May 31, 2023.

  • Interestingly enough, TradeBlock was acquired back in 2020 by the media company itself but was later spun out as a standalone business. The details of the acquisition were not revealed.

The post Digital Currency Group Shuts Down TradeBlock Unit, Trade Execution Service appeared first on CryptoPotato.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top