According to Foresight News, digital asset financial firm Genesis has announced in an email to its clients that it will cease digital asset derivatives trading through GGC International. The termination will take effect on September 22 at 5:00 am Beijing time. This move means that Genesis will no longer provide trading services through any of its business divisions. The company stated that this decision was made voluntarily for commercial reasons.

Previously, Genesis had closed its over-the-counter (OTC) trading platform, Genesis Global Trading, on September 5.