Genesis director to step down and move into advisory role
"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....
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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....
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....
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