According to Coindesk, Genesis Global Capital, the lending arm of crypto investment bank Genesis Global Trading that focuses on serving institutional customer groups, will suspend redemption and new loan origination services. As of the end of the third quarter of 2022, the total number of active loans in this department was $2.8 billion. . Genesis interim CEO Derar Islim said Genesis Trading will operate independently and will not be affected, with Genesis' trading and custody services remaining fully operational.