Crypto Short News

Dx.Exchange Shuts Down Temporarily, Eyes Merger or Acquisition

Dx.Exchange, an EU regulated P2P crypto and fiat exchange, is all set to shut down its services 9 months after its launch. The exchange started operating in Jan 2019 and offered to tokenize real-world assets such as Tesla and Apple stocks as well as ETFs like QQQ and SPY all built on the blockchain. However, as of Nov 3, 2019, the exchange has stopped all deposits and trading. They have urged the users to withdraw the money within Nov, 15 following a set of steps.

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However, the exchange claims that this closure is temporary. Dx.Exchange hopes to get a merger or outright sale of the company instead of shut down. But if the merger or selling does not commence within a stipulated time, the company will permanently close its operations.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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