Crypto-credit company Genesis, a subsidiary of the Digital Currency Group (DCG), will stop offering spot trading of crypto assets and derivatives through its unit in the British Virgin Islands.According to a statement from a Genesis representative dated September 14, the company will voluntarily and for business reasons terminate digital asset trading services through all of its units. Genesis has provided trading services through Genesis Global Capital (GGC), its international branch in the UK Маагденейландене.De step follows Genesis Global Trading, a company that is also affiliated with DCG but is not subject to the same bankruptcy procedure as Genesis Global Capital - which will be announced in Januaryts offers spot trading services with cryptocurrency under similar conditions, that is, voluntarily and for business reasons.At that time, the international branch of GGC was still offering spot trading and derivatives trading.GGC stopped the withdrawal of funds in November 2022, citing an unprecedented market shock at the time. Reports in January suggested that up to 30% of its staff could be laid off before the company files for bankruptcy in New York. The Securities and Exchange Commission has charged Gemini and the Genesis cryptocurrency exchange for offering unregistered securities through the Gemini Earn program. Gemini Earn users can refund all funds under DCG's new rewards programOver the past year, there have been serious changes in this area related to the legal and regulatory contradictions between Decg's various subsidiaries and crypto companies - DCG is also the parent company of Grayscale Investments. Genesis blamed the collapse of Three Arrows Capital and reported that FTX suffered losses after the failure of the crypto exchange.Paying August off, DCG announced that it had reached a principled agreement with Genesis to allow creditors to repay most of their funds. However, Genesis's creditors later called the settlement completely inadequate - the company reportedly owes about $ 3.5 billion to the 50 largest creditors.Get Your Money Back: The Strange World of Crypto Lawsuits