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CoinExchange is Closing Down Soon – Withdraw Your Cryptocoins Now or Never

One of the biggest cryptocurrency exchanges, Coinexchange.io has announced that it is shutting down due to financial difficulties.

In an announcement on October 1, the platform underscored that the closure was simply a business choice and isn't associated with any security breach or other reasons.

Coinexchange.io is presently witnessing daily traded volumes of around $700,000, as per CoinMarketCap, and supports over 500 altcoins. The platform expressed:
"Unfortunately, it is no longer economically viable for us to continue offering marketservices. The costs of providing the required level of security and support now outweigh our earnings."

Withdrawals Until December
As part of this announcement, the team has confirmed several key dates. First of all, users will be able to make deposits and continue to trade until October 15. However, the company advises ceasing all activities as soon as possible to avoid any problems further down the line. Secondly, the withdrawals will remain accessible until December 1, after which the website will be shut down altogether. This gives users ample time to effectively get their money out in whichever way they see fit.

Did you ever use Coinexchange.io? Which exchange platform is your current go-to? Let us know via the comments box below!
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