Genesis CEO Michael Moro Thinks Mistakes Keep Institutions Away From Defi
CEO of trading firm Genesis, Michael Moro, stated that according to his views the decentralized finance (defi) space is still too risky for institutions to step in. Moro explained that there have been some important mistakes made by high-profile defi protocols that are putting customers’ funds at risk. This is why the space is being still dominated by retail investors, that have more lax risk management policies. Defi Errors Scare Away Institutions Michael Moro, CEO of Genesis, one of the biggest cryptocurrency trading firms in the space, stated his opinion about why defi....
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A prominent digital currency trading service reports that investors are expressing an interest in buying into the version of the ethereum blockchain that rejected last week's hard fork. Over-the-counter digital currency trading service Genesis Global Trading is now trading classic ethers (ETC), but reports its volume at less than $100,000 in purchases thus far. Serving institutions and individuals, Genesis sells blocks of the digital currency, as well as alternatives such as bitcoin, with a minimum order size of $25,000. Despite a small number of initial buyers, CEO Michael Moro said he is....
Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into advisory positions. Michael Moro, CEO of Digital Currency Group’s market maker and lending subsidiary Genesis Trading, has become the latest executive to step down from a leadership role at a crypto company amid the market downturn.In a Wednesday announcement, Genesis said Moro will leave his position as the company’s CEO, a role in which he worked since April 2016. According to Moro, he will support Genesis’ “next phase of growth” in....
The CEO of institutional cryptocurrency broker Genesis Global Trading, Michael Moro, has announced his resignation and that the company will lay off 20% of its staff. The decision represents additional fallout from the failure of Three Arrows Capital, a company to which Genesis had a sizable exposure. Genesis CEO To Resign As 20% Of Workforce […]
"My line is always open and I can’t wait to continue building and learning with all of you," says Ballensweig. On Wednesday, Matthew Ballensweig, managing director of cryptocurrency broker Genesis, announced via Linkedin that he was formally leaving his post after over five years of tenure. Ballensweig is also the co-head of sales and trading. As told by Ballensweig, he has been transitioning his core responsibilities to a handful of trusted colleagues who will be taking the front-line role. "I am forever thankful to both Digital Currency Group [Genesis' parent company] and Genesis for....
Genesis will no longer be involved in GBTC's main operations, but will still act as a liquidity provider. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis. First, Genesis will no longer assist Grayscale in the distribution and marketing of the latter's shares. Second, from Oct. 3 onwards, Genesis will no longer be an authorized participant of the trust but will continue to serve as a liquidity provider for Grayscale. The two agreements previously came into effect in....