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Crypto Conglomerate DCG Closes Wealth-Management Business

Digital Currency Group, the cryptocurrency conglomerate whose Genesis Global Trading division just announced more layoffs, has closed a wealth-management division called HQ Digital.

The article, which cited a memo sent to a customer, also reported that HQ had more than $3.5 billion of assets under management.

A spokesperson for DCG, which is also the parent company of CoinDesk, didn't immediately respond to a request for comment.

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