Genesis trading revealed on Nov. 10 that it will certainly obtain an additional equity mixture of $140M from its moms and dad firm, Digital Currency Team. According to the company, this choice was made to “strengthen its balance sheet” and enhance its “position as a global leader in crypto funding markets”.

Genesis said it also really hopes that the equity infusion will place its company in a setting to support its customers as well as “the expanding demand” for its solutions. This is according to a photo of a letter sent to their customers, as shared by Wu Blockchain on their Twitter account.