Digital Currency Group, the digital-asset conglomerate that is negotiating with creditors of its bankrupt lending business, is closing down its TradeBlock subsidiary that provides trade execution, pricing and prime brokerage services to institutional investors.
CoinDesk Inc., the cryptocurrency media and events company that is also controlled by Stamford, Connecticut-based DCG, purchased TradeBlock in 2020 in a transaction where financial details weren’t disclosed. CoinDesk folded the indexing business into its own and the remaining operations were later spun out as the TradeBlock trading platform.
“Due to the state of the broader economy and prolonged crypto winter, along with the challenging ...
