Genesis Markets, the brokerage arm of Genesis Vision, has revealed plans to upgrade its offering, including the launch of its own Trading Terminal.
The new platform combines crypto and traditional market trading platforms in one interface, helping achieve tighter integration with liquidity providers.
Another development is the release of a non-custodial version of Genesis Vision, a decentralized trust management platform built on blockchain technology and smart contracts. This change effectively splits Genesis platform into two parts, one for centralized components (such as integrations with brokerages, exchanges and their software) and the second will be the pure decentralized product. Both components will be accessible through a single interface.
As part of the new transition, client’s positions through Genesis Markets, Huobi and Forex positions need to be closed within the next two weeks.
Genesis Eases Operations with New Partnerships
For traders that still prefer to use MetaTrader — this option is still available when using Genesis’ brokerage partner, Roboforex.
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Three years after reeling in $2.8 million in fresh capital, Genesis Vision raised earlier this year another $1 million in equity funding as it seeks to strengthen its balance sheet to accelerate growth and set up for scale.
So far, this project has been funded by the founders’ personal investments and through an initial coin offering conducted in 2017. Genesis Vision ICO aimed to raise $33 million but reached just $2.83 million.
Despite raising less than expected, the company has continued to develop its offering, which currently encompasses a social trading platform, asset management, and a network of brokers and exchanges from both cryptocurrency and traditional financial markets.
The company has recently enabled Forex trading directly on its decentralized trust management platform. Users are now able to trade Forex and other asset classes on its brokerage brand, Genesis Markets, as well to copy trades.
Genesis Vision platform already offers currency trading through various partners, including Roboforex, Exante, and Just2Trade. Its initial fund management concept has evolved into a peer-to-peer asset management module offering.