Genesis Crypto Halt withdrawals: FT Reports

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 12, 2023 20:57

Genesis has reportedly halted withdrawals for its customers. According to a report by the Financial Times, the move is due to “unprecedented market conditions” in the highly-volatile cryptocurrency market. Genesis, which allows customers to trade various cryptocurrencies, including Bitcoin and Ethereum, has not yet provided a timeline for when withdrawals will resume. The news has sparked concern among some cryptocurrency traders, who fear that other platforms may follow suit.