Coinspeaker
Gemini Ends Earn Program amid Growing Feud with Genesis
na geange hanahCrypto exchange Gemini has taken its disagreement with Digital Currency Group’s Genesis Global a step further. This follows after it recently announced a decision to terminate a major aspect of an existing partnership between the duo.
The announcement, which was circulated to customers via email, signals the end of a nearly two-year-old Earn Program. Part of the email read:
“This officially terminates the Earn Program and requires Genesis to return all assets outstanding in the program.”
Before things turned sour, Gemini was partnering with Genesis to offer a crypto-lending product to smaller investors. However, per the email sent, the master loan agreement (MLA) between Gemini’s customers and Genesis now ceases to exist.
Gemini further added that the new development will not in any way affect pending redemption requests. The exchange says it will continue to hope that Genesis holds up to those r
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