Crypto Conglomerate DCG Closes Wealth-Management Business

.DCGco plans to shut down its wealth-management division. HQ reportedly had more than $3.5 billion of assets under management.

"Due the state of the broader economic environment and prolonged crypto winter presenting significant headwinds to the industry, we made the decision to wind down HQ" as of Jan.

31, the company said in a statement Thursday."We're proud of the work that the team has done and look forward to potentially revisiting the project in the future."DCG is also the parent company of CoinDesk.

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