How do I become an approved trading counterparty?

You can become a trading partner of Genesis by submitting a New Applicant Profile (NAP) and required documentation here. If you are signing up on behalf of yourself, please fill out the individual NAP. If you are signing up on behalf of an entity, please fill out the entity NAP.

Hours of operation?

Monday – Friday: 8am-6pm Eastern Time (ET). Genesis observes NYSE holidays.

Can I trade outside the hours of operation?

If you would like to make a trade outside the hours of operation, please contact [email protected] or input a trade directly into TradeBlock. Genesis will execute trades on a best efforts basis and settlement will occur on the next business day.

Is there a minimum transaction size?

There is a minimum of $75,000.00 per transaction. Please contact [email protected] if you have any questions.

Where can I go to learn more about Genesis and the trading process?

You can find a trading tutorial here.

What are your fees/commissions?

Genesis does not charge a commission on any transaction. Rather, you will be quoted a spread to the XBX index that is competitive with the market. The price quoted is net to the customer and there are no additional fees charged by Genesis.

How does settlement work?

Settlement occurs on a post-trade basis. This means all digital and fiat currencies are exchanged after a trade is agreed upon. Genesis does not custody customer funds, so there is no need to prefund an account.

What forms of payment are acceptable?

Genesis accepts Bank Wires in USD (please do not send ACH). Credit cards, debit cards, or cash will not be accepted.

Which digital currencies can I trade with Genesis?

Genesis trades the following digital currencies over-the-counter: bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC), litecoin (LTC) & ripple (XRP)

Does Genesis custody digital currencies on behalf of customers?

No, Genesis does not custody digital currencies on behalf of customers. You will need to setup a wallet on your end in order to settle any over-the-counter trades.

Can I buy digital currencies through my IRA?

Yes, if you have a self-directed IRA that allows investment into digital currencies.

Does Genesis service any products other than digital currencies?

Yes, Genesis also trades auction rate securities and other illiquid assets.  Please find more information here.

Do I need to be based out of the United States to trade with Genesis?

No. Whether you’re onboarding as an individual or entity, you do not have to be based in the United States to trade with Genesis. We have trading relationships with counterparties in over 50 different countries.

How do I input a quote to buy or sell?

First click the “Trading” tab on the left hand side of the page. You will then see three dropdown options. The first one, please select the digital currency. The second, please select a price or RFQ (Request for Quote). The third, please select if you are going to buy or sell. Then fill out the amount of digital currency or the USD equivalent you are interested in buying or selling.