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Sales & Trading Co-Head of Brokerage Genesis Trading Resigns

Katie Lin

Summary: According to CoinDesk, co-Head of Sales and Trading of brokerage Genesis Trading, Matt Ballensweig, announced on Wednesday that he was leaving the company. Ballensweig said in a tweet that he would continue to assist the company as an advisor. He has transferred all of his day-to-day responsibilities to his colleagues. Genesis lost lots of top ...

According to CoinDesk, co-Head of Sales and Trading of brokerage Genesis Trading, Matt Ballensweig, announced on Wednesday that he was leaving the company.

Ballensweig said in a tweet that he would continue to assist the company as an advisor. He has transferred all of his day-to-day responsibilities to his colleagues.

Genesis lost lots of top talent in the wake of its losses to now bankrupt crypto hedge fund Three Arrows Capital. Since August, it has seen a 20% reduction in staff, as well as the resignations of CEO Michael Moro and research chief Noelle Acheson, with Head of Derviatives Joshua Lim likely following suit.

Author: Katie Lin

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