Korean Exchange Zeniex Closes After Only Six Months
Cryptovest
Published Nov 19, 2018 10:30AM ET
Updated Nov 19, 2018 11:41AM ET
Korean Exchange Zeniex Closes After Only Six Months
The small-scale, relatively new Zeniex exchange ceased operations after discontinuing the ZXG token. The exchange decided to close shop, citing regulatory hurdles. Zeniex issued Ethereum (ETH) compensation on November 12, which was also the deadline to withdraw other coins and tokens on the exchange.
Zeniex was a small-scale exchange, but its withdrawal from the markets underlines two trends - namely lower demand for cryptocurrency speculation in South Korea as well as stricter regulations on issuing tokens. A Korean trader pointed out that the entire market has suffered a slowdown:
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.