[2015-04-16] Reuters: Bitcoin-focused firm rebrands broker-dealer

[pattu1]

Bitcoin-focused firm rebrands broker-dealer for digital currencies

http://www.reuters.com/article/2015/04/16/bitcoin-trading-genesis-idUSL2N0XD14B20150416

Digital Currency Group, a New York-based entity founded by bitcoin advocate Barry Silbert, rebranded its broker-dealer division of SecondMarket Inc specializing in trading virtual currencies including bitcoin, according to a press statement on Thursday.

The Trading Division of SecondMarket Inc is now called Genesis Trading and focuses solely on institutional clients such as hedge funds and alternative asset investors, it said.

The division also carried out trades for more than 800,000 bitcoins worth over $300 million, making the company the bitcoin industry's largest over-the-counter trading desk.