One of the famous cryptocurrency exchanges is dying and closing its doors “temporarily”
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Answer One of the famous cryptocurrency exchanges is dying and closing its doors “temporarily”
The cryptocurrency market can be said to be one of the most difficult financial markets in the world due to its volatility and being at the beginning of the road.
Where only the experienced and the owners of large capital were spared from it.
After nearly a year of activity, the “DX” trading platform will stop its operations permanently.
in ad Spread On Sunday, on the company’s blog, the Estonia-based cryptocurrency exchange notified its clients that it would be temporarily closed due to a decision by its board of directors.
It was stated in the advertisement:
As of today (yesterday Sunday), we are not allowing any further deposits into the platform and trading will be suspended.
Read:Bitcoin regains $20 thousand level, digital currency APE rises more than 15%
All orders open until 12:00 GMT today will be cancelled.
The SLT will be closed at the last trading price at 12:00 GMT.
According to the announcement, the main reason for stopping the platform is the financial difficulties in managing the platform. The announcement told the following:
The costs of providing the required level of security, support and technology are not economically viable on our part.
The platform is looking for a buyer with a “sell or merge” deal and presents its brand name, customer base and technologies.
The statement also clarifies that if this buyer does not appear, the temporary closure will become permanent.
According to a report finance poles The DX platform was created in mid-2018, with the goal of launching in the third quarter of 2018.
However, the launch of the platform was postponed until the end of January 2019.
The company has cooperated and partnered with many companies, such as the liquidity partnership with “Algoz” and the investment from “NFX” company.
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