CoinFLEX Pauses Withdrawals Due to ‘Extreme Market Conditions’ | news

Cryptocurrency exchange CoinFLEX has suspended withdrawals, citing “extreme market conditions.”

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

The exchange said in a blog announcement that in addition to the market, it is also facing “uncertainty involving a counterparty.” While CoinFLEX declined to elaborate more about whom it is referring to, the exchange said that the counterparty is not Three Arrows Capital or any lending firm.

“We fully expect to resume withdrawals in a better position as soon as possible. We will fully communicate with you as we find out more,” the exchange said.

Besides pausing withdrawals, the Seychelles-based exchange will also be halting all FLEX Coin trading in perpetual futures and spot in the short term.

Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

https://forexsites.info

Author of articles on trading and investments, which I have been doing for more than 8 years. Even from your phone, you can open a deal, buy shares, build up capital in assets that will bring dividends even when you stop working. You can't just not think about it.

Leave a Reply

Your email address will not be published.