Genesis Global Trading

Genesis Global Trading

Institutional OTC crypto trading platform

Overview

Genesis Global Trading provides a platform for institutional investors to trade digital assets, including large-scale buy and sell orders and two-sided liquidity through market-making to ensure smooth markets. It offers a range of crypto-financial products such as vanilla options, exotics, and structured products, enabling speculation on price movements or hedging risk. The company earns fees based on trade size and complexity, reflecting its role in facilitating large trades and continuous quotations. Its differentiators include combining traditional Wall Street trading practices with crypto markets, running a 24/7 coverage desk, and offering market analysis; it also pioneered an OTC bitcoin trading desk in 2013. The firm's goal is to provide reliable, liquidity-rich trading access for institutions, helping clients trade, hedge, and manage volatility in digital assets.

About Genesis Global Trading

Simplify's Rating
Why Genesis Global Trading is rated
F
Rated D- on Competitive Edge
Rated F on Growth Potential
Rated D- on Differentiation

Industries

Data & Analytics

Crypto & Web3

Financial Services

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$140M

Headquarters

New York City, New York

Founded

2013

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Simplify's Take

What believers are saying

  • NYDFS settlement removes a major regulatory overhang from historical compliance failures.
  • Orderly wind-down likely reduced employee and client chaos versus a disorderly collapse.
  • Legacy institutional relationships and brand recognition still carry value inside DCG's ecosystem.

What critics are saying

  • Genesis Global Trading is no longer an active business as of 2024.
  • NYDFS fined Genesis $8 million in January 2024 and revoked its BitLicense.
  • FTC and New York litigation tied to Gemini Earn still threatens DCG affiliates.

What makes Genesis Global Trading unique

  • Former OTC pioneer, Genesis launched bitcoin trading in 2013 for institutions.
  • It bundled trading, lending, derivatives, custody, and prime brokerage into one stack.
  • Wall Street veterans gave the platform deep institutional-sales and risk-management credibility.

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Funding

Total Funding

$140M

Above

Industry Average

Funded Over

1 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision coverage

FSA & HSA

Tax-free transit benefits & other supplemental benefits available

Flexible time off

Generous parental leave

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Blue Sun
Jul 15th, 2026
SEC accuses Gemini and Genesis of selling unregistered securities.

SEC accuses Gemini and Genesis of selling unregistered securities. July 15, 2026 Since the beginning of the year, Gemini and Genesis - two of crypto's top companies - have been locked in an increasingly loud dispute over an investment product that promised customers high yields for lending their crypto assets. On Thursday, the U.S. Securities and Exchange Commission charged both companies with the unregistered offer and sale of securities to retail customers in a complaint filed in the U.S. District Court for the Southern District of New York. "Today's charges build on previous actions to make clear to the marketplace and the investing public that crypto lending platforms and other intermediaries need to comply with our time-tested securities laws," SEC Chair Gary Gensler wrote in a statement published on the agency's website. Gemini is a crypto exchange founded by Cameron and Tyler Winklevoss, known for their Bitcoin fortune and ending up on the wrong side of the Facebook saga, as memorialized in The Social Network. In 2021, Gemini partnered with Genesis Trading - a crypto lending firm that's part of Barry Silbert's Digital Currency Group empire - to launch a new product called Gemini Earn, where customers could earn yields approaching 8% for storing cryptocurrencies on the platform. Genesis generated the returns by loaning the money to institutional investors. After November's collapse of FTX, Genesis suspended redemptions, disclosing that it had about $175 million in funds locked up on the failed exchange. That, in turn, hurt Gemini, with Cameron Winklevoss writing in an open letter to Silbert published on Jan. 2 that Genesis owed $900 million to repay around 340,000 Gemini Earn customers. Gemini officially shut down its Earn product on Jan. 8. Two days later, in another open letter, Cameron Winklevoss demanded that DCG's board remove Silbert as CEO. Gemini Earn customers have still not been able to withdraw their crypto assets. Thursday's SEC charges come after a report last Friday from Bloomberg that Genesis was under investigation by both the SEC and the U.S. Department of Justice for internal financial dealings. It is unclear if the investigations are related. In its statement, the SEC said Gemini deducted an agent fee as high as 4.29% from the returns Genesis paid to Gemini Earn investors, with Genesis exercising discretion on how to use the crypto assets. The SEC alleges that the Gemini Earn product constituted the offering of unregistered securities, bypassing required disclosures. In the wake of FTX's collapse, the agency has faced criticism from both the crypto industry and members of Congress for failing to regulate the volatile sector. The new charges, aimed at two of crypto's major companies, will further Gensler's long-stated claim that he is just getting started with taming an industry he describes as the "Wild West." As he said in a December interview, "The runway is getting shorter."

Market News 24
Jan 6th, 2025
First Fully A.I. Drafted Complaint in Federal Court: Analyzing Its Flaws and Implications for Legal Industry Innovation

They are seeking damages after investing the majority of their net worth into Genesis Global Trading, a cryptocurrency firm that recently entered Chapter 11 bankruptcy.

PYMNTS
Feb 11th, 2024
Ny Ag Alleges $3 Billion Fraud In Updated Crypto Scam Case

New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis Global Capital offshoot, and Gemini Trust was three times the size once thought, at $3 billion. In an amended complaint filed Friday (Feb. 9), James says that more investors have come forward since her office sued the three companies last year, alleging that they misled investors about an investment program known as Gemini Earn

CoinGeek
Jan 16th, 2024
Genesis to forfeit BitLicense, pay $8M fine in NYDFS settlement

The New York Department of Financial Services (NYDFS), the state's finance sector regulator, announced a settlement with Genesis Global Trading that will see the company pay a hefty fine and forfeit its BitLicense for compliance failures that violated the state's digital asset and cybersecurity regulations.

Machina Trader
Jan 13th, 2024
Genesis Global Settles Regulatory Issues, Agrees to $8M Fine

The New York Department of Financial Services (DFS) is preparing to announce a settlement with Genesis Global, a subsidiary of the Digital Currency Group (DCG), according to a recent report by Fortune Magazine.

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