Zipmex has become the latest cryptocurrency platform to suspend withdrawals during the industry’s current streak of plunging prices and instability.
The South east Asian crypto asset exchange, which also operates in Australia, announced the news on Twitter, but did not indicate when withdrawal services would be returned.
“Due to a combination of circumstances beyond our control, including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice,” they tweeted on late Wednesday night.
Due to a combination of circumstances beyond our control including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice.
— ZIPMEX (@zipmex) July 20, 2022
The trading platform allows users to buy and sell Bitcoin and...
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