Genesis Review 2023

Genesis has halted withdrawals. We strongly advise against making any deposits until the current situation has been resolved.
Please see the Brokers List for alternatives.
/ 5
Genesis is #30 in our crypto broker rankings.

Genesis Global Trading is a high-end US crypto exchange targeted at insure, high-volume digital token trades.


Demo Account

Forex Trading

Not Available

Stocks Trading

Not Available

CFD Trading

Not Available

Crypto Trading

Genesis Global Trading offers regulated and insured high-volume cryptocurrency trading services for seven of the world's most popular tokens.

Genesis Trading is a high-end cryptocurrency platform that capitalises upon the ever-expanding DeFi industry. It is one of the first regulated broker-dealers for Bitcoin in the USA, offering cryptocurrency trading, lending and custodial services. This Genesis Trading review will include details about the company, information about the features on offer on the platform, benefits, drawbacks and other useful information to see why Genesis stands out amongst its competitors.

Genesis Trading Headlines

Genesis Global Trading Inc. is an over-the-counter (OTC) trading subsidiary of the Digital Currency Group (DCG) based in New York, USA that specialises in offering trading solutions to high-net-worth investors, trading firms, miners and institutions. It was launched in 2013 by founder and previous owner Barry Silbert to be the Bitcoin trading arm of SecondMarket, which also ran CoinDesk and Grayscale Investments. In 2015, Genesis Trading Inc was sold to Nasdaq and, in the following year, the current CEO, Michael Moro, took over. Since then, Genesis has grown rapidly to now boast annual trading and loading AUM valuations of over USD 25 billion, trading relationships with counterparties in over 50 different countries and additional offices in London, UK and Singapore. In addition to Michael Moro, Genesis Trading is also run by Derar Islim, the COO, Patrick DeFrancesco, the CTO and Daniel Ferguson, the CCO. There is not yet a CFO employed.Genesis Global Trading team and London office news

Genesis Trading is an ideal choice for high-value and high-volume cryptocurrency trades and loans, having received a BitLicense from the New York Department of Financial Services, which means high-value crypto trades can be executed on their platform. To prove you can trade on Genesis, there are certain requirements for making an account. These include submitting a new applicant profile (NAP) and any associated documents needed for review, such as government-issued ID and code, like a social security number and proof of address.

Services Offered


Genesis Trading provides users with access to exchanges and interested investors with whom they can connect and execute trade orders. With high-quality pools of liquidity, users can either complete spot transactions or speculative derivatives trades on future asset prices. This exchange specialises in digital trading of currencies OTC such as Ethereum, Litecoin and Ripple.

To start trading, you must first set up a digital wallet via a third party, such as the software wallets BitGo and Exodus or hardware wallets like Ledger and Trezor. As Genesis does not custody crypto on behalf of its counterparties, you must establish a delivery location for the digital currency you plan to trade. If you are purchasing crypto, then you must have at least USD 75,000 in your digital wallet, as that is the minimum allowed transaction amount.

To execute a trade on Genesis, you must go to the ‘Trading’ page and send a quote to the Trading Team with information on the crypto you wish to trade, whether you wish to receive a quote for a price or place a specific order and whether you wish to bid or sell. Once you and Genesis have agreed, finalised the terms of the transactions and the quote is accepted, the fiat and crypto are exchanged. If you are purchasing crypto using fiat, then you would have to bank wire transfer the USD value of the trade – you cannot use credit cards, debit cards or cash to complete the transaction. If you are selling, then you must provide Genesis Trading with the digital assets in your wallet.


Genesi Trading describes itself as ‘the world’s largest digital asset lender’ that provides the opportunity for users to borrow or lend crypto.

Users can borrow crypto for hedging, speculation and for working capital. Genesis loans are available in either Bitcoin or US Dollar Coin (USDC), which is a stablecoin that is linked to the US dollar. Stablecoins are different from cryptocurrencies like Ethereum as they are based on fiat currencies and so their price is much less volatile in comparison.

Additionally, users can lend crypto that they already own to Genesis Trading for yield farming, where interest is paid out to lenders every month. The revenue you earn from lending is dependent on the interest rates relating to prevailing market conditions and the supply-demand mechanics of Genesis’ portfolio. There is not yet a lending API and RFQ system available for users.

The minimum lending and borrowing amounts are BTC 100, ETH 1,000 or USD/USDC 2 million.


Formerly known as Vo1t, Genesis Custody is a cold storage facility for digital assets. This means your crypto is stored in a wallet that is not constantly connected to the internet and so is better protected against hackers or breaches in security. Even though this cold-storage vault is not constantly online and the private keys used for access are always offline, users still have same-day access to their assets for fast and secure transactions.

Genesis Trading Fees

There are no management or commission fees charged on any transaction. The way that Genesis makes money is through the trade spreads that are related to market conditions. When you begin the process of making a trade, you are quoted a spread that is competitive with the current market. As the liquidity and market conditions change frequently, the spread will vary, so final spread negotiation and confirmation occur at the time of the trade.


Genesis is insured for vault risk and against any digital asset crime, so users can rest assured that their crypto in custody is protected. Additionally, there are regular third-party audits to ensure the high-security levels are maintained and vulnerability is limited. While users need to input a lot of private information, such as their proof of address, identification information and banking information, it is safe and secure as all information is encrypted using SSL.

Customer Support

There is a 24/7 transaction support service offered with a live chat option for users to discuss transactions and potential investment trading with the Genesis Trading team, who provide help and advice regarding trades, lending and borrowing. The support provided should replace the need for any trading bot to magnify capital gains. Genesis also has a resources page with plenty of guides, tutorials and FAQs to help users get started with the platform, learn about currencies and trusts and begin trading.Genesis Trading Crypto Funding and Exchange Review


Genesis Trading is regulated by the SEC and FINRA, which means that both the exchange itself and its users are all protected. FINRA is an independent authority that governs brokers and exchanges to protect the public against fraudulent companies. The SEC mandates a know your customer (KYC) policy whereby users must submit primary and secondary identification and proof of address to verify their account. As well as this, users must provide a financial profile so that Genesis Trading can monitor a user’s transactions and risk tolerance. The annual SEC Genesis Trading report and audit are available to read on the SEC website.



Genesis Trading Verdict

Genesis Trading is not the most accessible of brokers, with high salary and accreditation requirements for its clients. The security safeguards in place are reassuring and the regulated platform offers great customer support. If you meet the prerequisites, Genesis Trading’s platform and services may well be the right one for you, though less well-off clients may need to look elsewhere.


What Are The Requirements For Opening A Genesis Trading Account?

You may only open an account with Genesis Trading if you, as an individual, earn more than USD 200,000 (net USD 300,000 if married) or have assets worth over USD 10 million. Additionally, you must prove that you are a government accredited investor.

Are There Proprietary Trading Systems Available?

While Genesis Trading does not provide its own pro trading system for users, you can purchase one from third parties online. Typically, proprietary trading systems allow users to trade stocks electronically without the need for an exchange. They often take a stock price and create new charts with additional information.

When Can I Start Trading With Genesis?

The Genesis Trading opening hours are from Sunday 20:00 until Friday 18:00 ET. Note that GMT is four hours ahead of ET and, if you are a UK-based trader, Genesis opens at midnight on Monday and closes at 22:00 Friday.

Is Genesis Trading Regulated?

Genesis Trading, despite being a cryptocurrency platform, is regulated by both the SEC and FINRA. This means that the exchange’s clients are protected by government legislation and insurance schemes.

Can I Use Genesis Trading From The UK?

Genesis Trading is a US-based DeFi platform but it can still be used by international clients, including those from the UK. However, international clients must still meet the registration requirements of salary, net worth and accreditation.

Accepted Countries

Genesis accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Payment Methods

Genesis Details

Minimum Trade $250,000
Regulated By SEC, FINRA
Islamic Account No
Mobile Apps No
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Social Trading No
Guaranteed Stop Loss No

Cryptocurrency Trading Details

Crypto Lending Yes
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BCH
  • BTC
  • ETC
  • ETH
  • LTC
  • XRP
  • ZEC

Compare Genesis

Compare Genesis with similar brokers that accept traders from your location. Among available brokers these are the most similar to Genesis:

  1. OANDA – OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
    Go to OANDA
  2. Webull – Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.
    Go to Webull
  3. – boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
    Go to

Genesis Comparison Table

Compare Genesis With Similar Brokers
Genesis OANDA Webull
Rating 2.5 4.5 4.4 4.5
Markets Crypto Forex Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options
Demo Account Yes Yes Yes Yes
Minimum Deposit $75,000 $0 $0 $100
Minimum Trade $250,000 $0 $5 $1
Bonus $5,000 welcome bonus with a deposit of $500 Six free stocks
Education No Yes Yes Yes
Platforms MT4, TradingView, AutoChartist MT4, MT5, TradingView, AutoChartist, TradingCentral
Leverage 1:30 EU, 1:200 Global 1:200
Payment Methods 1 12 3 8
Visit Visit Visit Visit Visit
Review Genesis

Compare Trading Instruments

Compare the markets and instruments offered by Genesis and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Genesis Trading Instruments
Genesis OANDA Webull
CFD No No No Yes
Forex No Yes Yes Yes
Stocks No Yes Yes Yes
Commodities No Yes No Yes
Oil No No No Yes
Gold No Yes No Yes
Copper No Yes No No
Silver No Yes No Yes
Corn No Yes No No
Crypto Yes Yes Yes Yes
Futures No No No Yes
Options No No Yes Yes
ETFs No No Yes No
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Genesis vs Other Brokers

Compare Genesis with any other broker by selecting the other broker below.

Genesis vs
Genesis Global Trading is a high-end US crypto exchange targeted at insure, high-volume digital token trades.