After announcing on September 5 that Genesis would be closing their U.S. spot trading business in a “decision … made voluntarily and for business reasons”, Genesis has now announced that they will be closing all trading. They again write that “This decision was made voluntarily and for business reasons” - the kind of statement that gets less believable the more they repeat it.Although Genesis Global Capital filed for bankruptcy in January 2023, portions of its business were excluded from the bankruptcy and continued to operate.