Ukrainian Crypto Exchange Liqui Shuts Down, Cites Lack of Liquidity (cointelegraph.com)
Ukraine-based crypto exchange Liqui is shutting down its services, citing a lack of liquidity, Cointelegraph Japan reports today, Jan. 28.
The crypto exchange claimed that it has informed its clients about the issue, and stated that withdrawal of digital assets will be available within 30 days after the message was posted.
According to crypto data ranking website CoinGecko, Liqui exchange allowed clients to trade Bitcoin, Ethereum, and Tether pairs, also providing lending and margin trading.
Following the news the exchange had shut down operations, crypto analyst and host of CNBC’s show Cryptotrader, Ran NeuNer, claimed in a tweet that he is expecting more exchanges to close in light of the continuous bear market.
At least 340 crypto and blockchain companies were dissolved or liquidated in 2018 in the United Kingdom, while China-based crypto mining giant Bitmain closed its Israeli center in late 2019.
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Related story: Nvidia Expects Lower Crypto Mining Revenue, Cites ‘Deteriorating Macroeconomic Conditions’ In China (cryptoglobe.com)
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