Cryptocurrency exchange Zipmex has announced that it is suspending withdrawals on the platform until further notice. After the recent declines in the crypto money market, companies are also going through difficult days. In these difficult days, he has often seen the move to suspend withdrawals.
Zipmex Suspends Withdrawals
After the declines in the crypto money market, some companies went to shrink. Others have filed for bankruptcy. Companies trying to survive in the market continue to work to make the most appropriate move for them. Cryptocurrency exchange Zipmex has also recently made a statement that it has stopped withdrawals.
The company made a statement on the subject on Twitter.
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 statement includes the following words:
“Due to a combination of circumstances beyond our control, including volatile market conditions, and the resulting financial difficulties of our key partners, we will pause withdrawals until further notice to protect the integrity of our platform.”
With this statement, Zipmex joined the companies that suspended withdrawals.
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