There’s a Public Service Announcement for those who have funds on Coinexchange.io. The exchange is shutting down for business reasons. Well, no worries ad your funds are still safe there. The reason for closure is due to their inability to remain profitable in this market.
CoinExchange.io is one of the largest cryptocurrency exchange and certainly has so many bitcoins, Altcoin, Ethereum and other the cryptocoins on the shelve. Trading will cease on the 15th of this month and you can withdraw until Dec. 1.
Here is the Public Announcement from Coinexchange.io;
It is with great regret that we must inform the community that the board of directors of CoinExchange.io has decided to close down the exchange.
This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.
Trading and deposits will be suspended on the 15th of October 2019. Please cease any deposit and trade activity as soon as possible.
The website and withdrawals will remain operational until the 1st of December 2019. We ask that you please remove all funds by this date.
It has been a fantastic journey and we have enjoyed playing a part in the crypto currency space. We thank everyone that has traded or listed a currency with us.
So sadly it is goodbye for now however we may return in the future if market conditions change.
Where To Use Bitcoin, Ethereum etc
Bitcoin, ethereum etc holders can make use of blockchain.info or LUNO. This is one of the reasons its not advisable to store your cryptocurrency coins in an exchange.