DX.Exchange cease services over monetary hurdles – Cryptocurrency News

DX.Exchange is halting its services after ten months of launch. As reported, the cryptocurrency exchange has cited financial difficulties as the reason behind its cessation. Trading and deposit services are already suspended, and the funds will be paid back to the users. The closure will be temporary as the firm seeks to find a buyer or a merger.

DX.Exchange, the cryptocurrency exchange, has temporarily suspended its services as reported by BeInCrypto. According to the information, the management of the platform has cited the occurrence of monetary issues as the reason behind the action. The time of closure is not measured as the firm seeks to find an investor or a buyer to continue the operations.

Powered by Nasdaq, DX.Exchange has already ceased trading and deposit services. However, the funds held by the platform will be returned to the users. The exchange was established employing Nasdaq’s trading technology in cooperation with the company’s in-house development team.

“We must inform the community that the board of directors of DX.exchange has decided to temporarily close the exchange as we pursue a merger or outright sell of the company. The costs of providing the required level of security, support, and technology are not economically feasible on our own.”

Saloni Sheelwant
Saloni Sheelwant treasures to research and write about the new startups and technologies thriving at a very fast pace.

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