Analysis of Genesis's Q3'22 Performance

Genesis Trading offers market-making and two-sided liquidity for crypto buyers and sellers. The platform enables 24/7 trading with connection to most major exchanges, institutional service providers and counterparties. Genesis Trading offers custom trading environments with API access and white glove services for bespoke needs. Genesis Global Trading, Inc. (GGT) is a non-custodial OTC market-maker operating in New York and registered as a broker-dealer with the SEC and FINRA. Genesis Asia Pacific Pte. Ltd. (GAP) is a digital asset payment service provider based in Singapore offering trading and lending execution. As of July 2022, GAP received an In-principle Approval (IPA) for Major Payment Institution (MPI) license under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS). GAP operates under the pre-licensing regime. 

Genesis Institutional Borrowing provides liquidity for institutional funds and market makers. Loans are over-the-counter and can be customized to meet fund-specific trading strategies. With Genesis, institutional traders and market participants can borrow USD, stablecoins, BTC, ETH and ~20 additional assets. Genesis is always the counterparty and offers two-way price discovery to reduce counterparty risk and increase market transparency. Loans can be open-term or fixed-term from 1 to 12 months offering fixed rates depending on current market conditions at origination. Collateral is held either bilaterally or by a 3rd party custodian. Genesis flexibly allows using assets as collateral for borrowing or lending assets out to generate yield. Minimum borrowing size is either 100 BTC, 1,000 ETH or $2.0mm, with more exotic assets at a minimum of $1.0mm. Genesis Global Capital, LLC (GGC) is a New-Jersey based lending and borrowing services provider and is registered as a Money Services Business with FinCEN.