Hong Kong-based cryptocurrency exchange AAX is preparing to liquidate all futures in order to relaunch its services.
Popular cryptocurrency exchange FTX has put the crypto industry in a tumultuous time. Millions of dollars in losses of corporate companies and liquidity problems of other exchanges emerged. Also, in the middle of such a process, there was an FTX hacking attack. In a time when billions of dollars have evaporated, stock markets are looking for ways to survive. One of these exchanges, AAX, stopped its services, citing processes. However, the exchange stated that it is planning to continue its services again.
Crypto Exchange AAX Wants To Restart Its Services
Crypto exchange AAX, which has gone through a difficult process, is trying to raise enough capital to restart its services.
Hong Kong’s popular digital exchange AAX reported that it is working hard to protect user rights and interests. For this reason, the exchange will automatically liquidate all futures positions on its platform during the system maintenance period.
As a result of these liquidations, the stock market is expected to experience a recovery in liquidity. However, it is not yet known how recovery efforts will continue in terms of AAX.
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