Crypto exchange Coinexchange.io announced its own closure Coinexchange.io cryptocurrency exchange on Tuesday notified users of the upcoming closure of the trading platform. According to a post on the company's blog, this decision was made by its board of directors.

Crypto exchange Coinexchange.io announced its own closure

Cryptocurrency exchange Coinexchange.io on Tuesday notified users of the upcoming closure of the trading platform. According to a post on the company's blog, this decision was made by its board of directors..

“This decision is purely business related. There were no break-ins or other incidents. Unfortunately, continuing to provide our services to the market is not economically feasible. The cost of providing the required level of security and support now exceeds our earnings, "she writes..

Trading and accepting deposits on the platform will be suspended on October 15th. Users need to withdraw assets remaining on the exchange by December 1.

Coinexchange.io was founded in March 2016 and focused on supporting a variety of altcoins. According to CoinMarketCap, there are 540 trading pairs on the platform, and the volume of transactions in the last 24 hours was 85 BTC.

Ethereum-based prediction platform Veil closed in July.

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