BitLicense in New York State Granted, GGT Genesis Global Trading

Genesis Global Trading is a cryptocurrency broker, specializes in large trades and institutional investors, they just gained approval to operate in New York state under the state’s Department of Financial Services’ BitLicense program. (Bloomberg reports)

“Although we have operated under a safe harbor provision in recent years, today’s decision is an important step forward and reaffirms the robust compliance measures we have enacted as an established trading partner,” Michael Moro, chief executive officer of Genesis, said in the statement. Genesis is also a broker-dealer registered with the U.S. Securities and Exchange Commission and Finra.

Genesis Global Trading, a cryptocurrency broker that specializes in large trades with institutional investors, gained approval to operate in New York under the state’s Department of Financial Services’ BitLicense program. The regulatory approval is the first for a New York-based trading firm, Genesis said in a statement Thursday. The BitLicense will allow Genesis to facilitate the trading of Bitcoin, Ether, Ethereum Classic, Bitcoin Cash, XRP, Litecoin and Zcash. Genesis offers private over-the-counter trading to its customers.

Tags: technology, cryptocurrency, cryptocurrrencies news, NY, ny state cryptocurrencies, crypto news, crypro, bitcoin

Mohsen Daemi
Latest posts by Mohsen Daemi (see all)