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News Explorer — Digital Currency Group to Close TradeBlock Unit

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May 25, 9:11 pm
Coindesk

Digital Currency Group to Close TradeBlock Unit

Digital Currency Group (DCG) is closing its TradeBlock unit, which provides trading services to institutional investors, due to the crypto winter and regulatory uncertainties. CoinDesk kept the index data business from the acquisition, which was rebranded as CoinDesk Indices. DCG reported a loss of $1.1 billion in 2022 and ended the year with $262 million in cash.

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