Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » TradeBlock Shuts Down Amid Crypto Winter and Regulatory Hurdles

    TradeBlock Shuts Down Amid Crypto Winter and Regulatory Hurdles

    0
    By jose on May 26, 2023 Companies, Market, News
    TradeBlock Shuts Down Amid Crypto Winter and Regulatory Hurdles
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In a surprising move, Digital Currency Group (DCG), one of the largest and most influential crypto companies in the world, announced that it will close down its institutional trading platform TradeBlock by the end of this month. TradeBlock, which was acquired by DCG in 2020, provides trade execution, data analytics, and prime brokerage services to institutional investors and traders in the crypto space. 

    The decision to shut down TradeBlock comes amid a prolonged bear market for cryptocurrencies and regulatory uncertainties in the US and other jurisdictions.

    TradeBlock no Longer Shared DCG’s Vision

    According to DCG’s CEO, the company decided to focus on its core businesses of investing in crypto startups, operating crypto exchanges and mining facilities, and providing crypto custody and lending solutions. She said that TradeBlock’s services were no longer aligned with DCG’s strategic vision and that the company wanted to avoid potential conflicts of interest with its other portfolio companies.

    TradeBlock’s closure marks the end of an era for one of the oldest and most respected crypto platforms in the industry. Founded in 2013, TradeBlock was one of the first providers of institutional-grade tools and infrastructure for crypto trading and analysis. It served clients such as Fidelity Investments, TD Ameritrade, Galaxy Digital, and Genesis Global Trading.

    TradeBlock no Longer Shared DCG's Vision

    The news of TradeBlock’s shutdown was met with mixed reactions from the crypto community. Some expressed sadness and nostalgia for the platform, while others speculated about the reasons behind DCG’s decision. 

    Regulations and Scrutiny were TradeBlock’s Downfall

    TradeBlock faced regulatory challenges and compliance costs due to its exposure to unregulated or lightly regulated crypto assets such as XRP, which is currently under investigation by the US Securities and Exchange Commission (SEC).

    Whatever the case may be, TradeBlock’s closure is a reminder that the crypto industry is still evolving and maturing and that not every company or project will survive or thrive in this dynamic and competitive environment. 

    It also shows that DCG is willing to make tough choices and adapt to changing market conditions and customer demands. 

    companies Digital Currency Group (DCG) Featured Market
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    jose

    Related Posts

    Circle weighs reversible USDC transactions to attract institutional users

    September 25, 20252 Mins Read

    AI bots trade around the clock across Solana, BNB Chain and Base

    September 25, 20252 Mins Read

    Bitcoin and Ether options expire soon

    September 25, 20252 Mins Read

    Cloudflare unveils NET Dollar: a dollar-backed token for AI micropayments

    September 25, 20252 Mins Read

    XRP dips after ETF clearances while long-term holders shape the next move

    September 25, 20252 Mins Read

    Sui Adds Payment, Asset and Game Partners

    September 25, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.