Digital Currency Group (DCG) is set to close its institutional trading division, TradeBlock, on May 31 because of the extremities of a harsh cryptocurrency market. Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the US, we made the decision to sunset the institutional trading platform side of the business. Notably, the digital-asset conglomerate has been negotiating with creditors of its bankruptcy lending business, Genesis, before the decision to close down its TradeBlock subsidiary that focused on providing trade execution, ... (full story)