After, Crypto exchange DX will stop its operations, effective immediately. In an announcement published today (Sunday) , the Estonia-based digital asset exchange informed its clients it will temporarily shut down due to a decision by its board of directors.
“As of today, we are not allowing any more deposits on the exchange and trading will be suspended. All open orders will be cancelled t 12:00 GMT today. All SLT will be closed at the last traded price at 12:00 GMT.”
The main reason, according to the announcement, was the financial difficulties in operating the exchange. “The costs of providing the required level of security, support and technology is not economically feasible on our own.”
The NASDAQ-based exchange is now on the look for a buyer for a “sell or merger” deal and is offering its brand name, clientele base and technology. The statement makes it clear that if such buyer will not show up, the temporary shutdown will turn permanent.
Postponed launch
As , DX.Exchange was formed in mid 2018, with the intentions to launch in Q3 2018. This goal was postponed, until the eventual launch in January 2018. The company the pursued several cooperations, such as its and the
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