Cryptocurrency exchange Gemini is working with Genesis and the Digital Currency Group (DCG) to reactivate the Earn platform.
The cryptocurrency industry has been going through some very painful processes lately. These processes were exacerbated by the FTX bankruptcy. Genesis, one of the companies affected by the process, sought funding of 1 billion dollars. Genesis’ crypto lending platform recently announced that it is halting withdrawals as it was impacted by the FTX events. This announcement of the company also had a negative result for Gemini. Gemini reports that the Earn platform is associated with Genesis and has therefore stopped withdrawals. Following the developments, crypto exchange Gemini is looking for solutions.
Gemini Seeks Solutions with Genesis
Crypto exchange Gemini announced that it is collaborating with Genesis and the Digital Currency Group (DCG) for the Earn protocol.
Gemini shared a new update on Twitter. According to this post, he stated that the most important priority of the stock market is users. In addition, the exchange stated that it believes Genesis and DCG will fulfill their obligations to win users.
The intense work of crypto exchange Gemini with its crypto lending partner Genesis drew attention.
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