Digital Currency Group (DCG), the parent company of CoinDesk has closed its trading execution and main brokerage service unit, TradeBlock, which discusses the crypto winter and regulatory uncertainty. The closure of the unit, which provides trading services to institutional investors, will be effective May 31, a DCG spokesperson told CoinDesk. TradeBlock was acquired in 2020 by CoinDesk, and later became its own standalone business. CoinDesk has kept the index data operating from the deal, which has been rebranded as CoinDesk Indices, and “proved to be a successful acquisition,” the spokesperson said. The story was first reported by Bloomberg.
