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  4. Genesis receives additional equity infusion of $140M following recent market events
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Genesis receives additional equity infusion of $140M following recent market events

Genesis trading announced on Nov. 10 that it will receive an additional equity infusion of $140 million from its parent company, Digital Currency Group. According to the company,...
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Genesis receives additional equity infusion of $140M following recent market events Genesis receives additional equity infusion of $140M following recent market events

Genesis trading announced on Nov. 10 that it will receive an additional equity infusion of $140 million from its parent company, Digital Currency Group. According to the company, this decision was made to “strengthen its balance sheet” and boost its “position as a global leader in crypto capital markets.”

Genesis said it also hopes that the equity infusion will put its company in a position to support its clients and “the growing demand” for its services. This is according to a snapshot of a letter sent to its clients, as shared by Wu Blockchain on its Twitter account.

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