Genesis, the crypto-trading business hit hard by last year’s collapse of Three Arrows Capital and FTX, has ceased all trading operations, according to a spokesperson.

It emerged last week that the company was shutting its U.S. desk, but the international spot and derivatives trading operations are also closing, the spokesperson said.

“Genesis has decided to stop offering digital asset spot and derivatives trading through GGC International, Ltd. (GGCI),” the statement reads. “This decision was made voluntarily and for business reasons. With this termination of services from GGCI, Genesis no longer offers trading services through any of its business entities.”

Genesis is, like CoinDesk, owned by Digital Currency Group.

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