Cryptobridge to Shut Down After December 15

Must Read

Stellar Lumens (XLM) Price Analysis: Bears Enforced XLM Price To Reach Support Level Of $0.060

Stellar Price is suffering major price corrections due to the overall downtrend in the cryptomarket.  Currently, it is facing...

Ethereum (ETH) Price Analysis: ETH Again Fails In Sustainability at $200

The bears are showing no mercy for ether price as it is reaching the crucial level of $198 ...

Ethereum Classic Claims to be the Only Secured PoW Smart Contracts Platform

Ethereum Classic (ETC) is a decentralized blockchain platform. It is a hard fork of Ethereum that lets anyone...
5d85c99dd353c-bpfull
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Cryptobridge to Shut Down After December 15

  • The official site further informs the users to withdraw their funds with a user verification as per EU law for all withdrawals.
  • The official site states that it will do all it can to help the users to complete all the legal formalities so as to ensure a quicker withdrawal.

CryptoBridge announces today that it is going to shut down the platform and terminating all the services and servers after December 15.

The official site though does not reveal much about the cause, points “unfavorable market conditions, increasing regulation and inability to fund further development” the reasons for the regretful step.

The official site says

Cryptobridge to Shut Down After December 15
                                                            Source : https://crypto-bridge.org/



 

 

 

 

 

 

 

The official site further informs the users to withdraw their funds with a user verification as per EU law for all withdrawals. The verification may take a longer time thus the users are to start the procedure earliest.

The site shows regret stating that it entered the market with a vision to create a direct link between the crypto asset traders and the users “to consistently provide superior service” but due to unfavorable market conditions they had to quit. The official site states that it will do all it can to help the users to complete all the legal formalities so as to ensure a quicker withdrawal.

The possible reason for this is the introduction of mandatory KYC policies which the customers found inappropriate assuming to be an attack on privacy. Coming up with user verification rules in October made the customers revolt as the policy came out of the blue and prohibited the continuation of deposits and withdrawals flow unless user verification criteria are completed.

Advertisement
Advertisement

Hot News

Stellar Lumens (XLM) Price Analysis: Bears Enforced XLM Price To Reach Support Level Of $0.060

Stellar Price is suffering major price corrections due to the overall downtrend in the cryptomarket.  Currently, it is facing an overall loss of -1.78%.  ...

Ethereum (ETH) Price Analysis: ETH Again Fails In Sustainability at $200

The bears are showing no mercy for ether price as it is reaching the crucial level of $198 It is also facing significant...

Ethereum Classic Claims to be the Only Secured PoW Smart Contracts Platform

Ethereum Classic (ETC) is a decentralized blockchain platform. It is a hard fork of Ethereum that lets anyone create and use Dapps. In...

Biki Launched World’s First TRX OTC Trading Area For Tron

Digital currency trading service Biki has unveiled the world's first TRX OTC trading. The availability of the altcoin is in partnership with...

Ripple XRP Price Analysis: XRP Held On Support Level Of $0.19 After Heavy Downfall 

Ripple is finally showing sustainability at the support level of $0.19  The heavy downfall faced by ripple after touching the resistance area of...

Argentina Launches Investigation Into Country’s Crypto-Trading

Argentina’s Financial Information Unit has announced that it is launching an investigation into cryptocurrency trading. Monitoring transactions and identifying money laundering and terrorist...

Partners

Ethereum (ETH) Price Analysis: ETH Again Fails In Sustainability at $200

The bears are showing no mercy for ether price as it is reaching the crucial level of $198 It is also facing significant...

Ethereum Classic Claims to be the Only Secured PoW Smart Contracts Platform

Ethereum Classic (ETC) is a decentralized blockchain platform. It is a hard fork of Ethereum that lets anyone create and use Dapps. In...

Biki Launched World’s First TRX OTC Trading Area For Tron

Digital currency trading service Biki has unveiled the world's first TRX OTC trading. The availability of the altcoin is in partnership with...

Ripple XRP Price Analysis: XRP Held On Support Level Of $0.19 After Heavy Downfall 

Ripple is finally showing sustainability at the support level of $0.19  The heavy downfall faced by ripple after touching the resistance area of...

RELATED NEWS

Stellar Lumens (XLM) Price Analysis: Bears Enforced XLM Price...

Stellar Price is suffering major price corrections due to the overall downtrend in the...

Ethereum (ETH) Price Analysis: ETH Again Fails In Sustainability...

The bears are showing no mercy for ether price as it is reaching...

Ethereum Classic Claims to be the Only Secured PoW...

Ethereum Classic (ETC) is a decentralized blockchain platform. It is a hard fork...