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Digital Currency Group Announces Plans to Shut Down Wealth Management Division

Tris Bell

Summary: Venture capital company Digital Currency Group announced in a statement Thursday that it is shutting down its wealth management division HQ. "Due the state of the broader economic environment and prolonged crypto winter presenting significant headwinds to the industry, we made the decision to wind down HQ as of Jan. 31", the company said. The ...

Venture capital company Digital Currency Group announced in a statement Thursday that it is shutting down its wealth management division HQ.

"Due the state of the broader economic environment and prolonged crypto winter presenting significant headwinds to the industry, we made the decision to wind down HQ as of Jan. 31", the company said.

The company currently has more than $3.5 billion worth of assets under its management, according to reports by The Information.

Author: Tris Bell

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