DX.Exchange, an Estonia-based crypto exchange, known for its plans to offer digital tokens based on shares of Nasdaq-listed companies, is now in merger or sale talks with undisclosed Japanese and Chinese investors, a source close to the situation told Cryptonews.com.
The exchange, which is owned and operated by Coins Marketplace Technologies OÜ, expects to close the deal later this month, the source added.
On Sunday, the company announced that their board of directors has decided to temporarily close the exchange down as they “pursue a merger or outright sell of the company.” They explained that “the costs of providing the required level of security, support and technology is not economically feasible on our own.”
Starting with November 3rd, the trading has been suspended and no more deposits are allowed, while all open orders were also cancelled. All client funds are safe, the exchange states, and need to be returned in order for a merger/sale to proceed. All withdrawal requests must be submitted by November 15th, or the withdrawal process could be disrupted, DX.Exchange said.
While the announcement stated that this is only temporary and that the…
To read the entire article click here
Author: Sead Fadilpašić