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FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong

November 18, 2022


In the wake of the recent FTX scandal, another crypto business is feeling the market effects. Genesis Block, a frontrunner for providing cryptocurrency retail services in Hong Kong, announced it will cease trading and shutter operations, according to reports.

According to an email sent out to its customers by the compliance department, the company said that starting Dec. 10, it will be closing down its over-the-counter (OTC) online trading portal.

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