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News Explorer — DCG Shuts Down TradeBlock Due to Crypto Market Downturn, US Regulations

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May 26, 9:21 am
Blockworks

DCG Shuts Down TradeBlock Due to Crypto Market Downturn, US Regulations

Digital Currency Group (DCG) is shutting down its institutional trading platform, TradeBlock, on May 31 due to the prolonged crypto market downturn and challenging US regulatory environment. CoinDesk acquired TradeBlock earlier this year and integrated its indexing business, while spinning out the remaining operations as the TradeBlock trading platform. DCG has been facing controversy recently, with allegations of fraud and failure to fulfill its debt obligation to Gemini.

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