Coinexchange Closes, Citing “Financial Reasons”
Cryptovest
Published Oct 03, 2019 06:24AM ET
Updated Oct 03, 2019 07:41AM ET
Coinexchange Closes, Citing “Financial Reasons”
CoinExchange.io , one of the niche markets holding multiple less popular trading pairs, is closing down, citing financial reasons. The market operator was sometimes the last resort of projects that arrived too late on the scene and struggled to be accepted to larger exchanges. Coinexchange is also one of the last markets to use mostly Bitcoin (BTC), Dogecoin (DOGE) and Litecoin (LTC) as base pairs, instead of relying on stablecoins.
“This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings,” the exchange’s team stated in its last message.
The market operator will keep the site open for withd...
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.