Another crypto CEO steps down as Genesis Trading restructures leadership

Cointelegraph

Published Aug 17, 2022 01:15PM ET

Updated Aug 18, 2022 08:20AM ET

Michael Moro, CEO of Digital Currency Group’s market maker and lending subsidiary Genesis Trading, has become the latest executive to step down from a leadership role at a crypto company amid the market downturn.

In a Wednesday announcement, Genesis said Moro will leave his position as the company’s CEO, a role in which he worked since April 2016. According to Moro, he will support Genesis’ “next phase of growth” in an advisory role as the firm transitions to new leadership.

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