This article has been translated from English to Gen Z Slang.

Digital Currency Group (DCG) is like the chill af squad of the crypto universe, repping 7 savage companies, including:

  • Genesis Trading – top dog for digital asset vibes for big shot investors 😎
  • Grayscale – the boss digital asset manager, no cap
  • Coindesk – your go-to plug for crypto media, lit news, events, and deets
  • Foundry – flexes as the 2nd largest bitcoin mining squad on Earth, running a marketplace for leveling up your mining gear, plus logistical and financial hookups for crypto miners 💪
  • Luno – the hub for trading, news, lit analysis, and major education vibes
  • TradeBlock – the real MVP with tools and analytics for institutions
  • HQ – a job board, but like, for digital currency gigs 🎯

DCG’s vibes are all about boosting, snagging, and leveling up businesses that provide epic financial and professional services to the big players out there.

DCG's thrown cash at 200 dope crypto companies, like Acala Network, BitGo, BitPay, Blockchain, Blockstream, Chainalysis, Circle, Coinbase, Decentraland, Etherscan, eToro, Fireblocks, Foundry, FTX, Kraken, Ledger, Livepeer, Nomics, Paradigm, Ripple, ShapeShift, Silvergate, The Graph, Xapo, and Zcash.

They hit legendary status with a val of $10b in 2021 after snagging a $700m bag led by Softbank Group Corp. 🤑

3AC L, FTX Drama, and Genesis Hits the Rocks

Late 2022 brought some major tea – FTX took a nosedive and Genesis gave a bad loan to the now-washed hedge fund Three Arrows Capital for a jaw-dropping $2.4 billy. They had to hit pause on customer cash-outs to dodge a major cash dump. 😬

Because of these mega vibes and the brutal bear market, Genesis couldn’t return $3.5b to over 100k homies. By Jan 2023, Genesis hit the bankruptcy button to sort out its cash flow. Gemini Trust Company, reppin’ the Gemini crypto exchange and one of Genesis's VIP clients, is still waiting on nearly $800m as of January 2023. 👀

Fast-forward to Jan 2023, and Coindesk might get a new boss while Luno trimmed 35% of its fam. ⏩

To peep DCG's squad goals portfolio, bounce here. 🚀