Bloomberg: DCG will close the institutional trading platform TradeBlock on May 31
ChainCatcher news, according to Bloomberg, Digital Currency Group (DCG) will shut down its institutional trading platform TradeBlock on May 31, which provides trading execution, pricing, and block brokerage services for institutional investors.A DCG spokesperson stated, "Due to macroeconomic conditions and the prolonged crypto winter, along with the challenging regulatory environment for digital assets in the U.S., we have decided to close the institutional trading platform business."It is reported that TradeBlock is led by Breanne Madigan, who previously worked at Goldman Sachs for 15 years and also served as Vice President of Global Institutional Markets at Ripple. (Source link)