Coinexchange Closes, Citing “Financial Reasons”

CoinExchange.io, one of the niche markets holding multiple less popular trading pairs, is closing down, citing financial reasons. The market operator was sometimes the last resort of projects that arrived too late on the scene and struggled to be accepted to larger exchanges. Coinexchange is also one of the last markets to use mostly (BTC), Dogecoin (DOGE) and (LTC) as base pairs, instead of relying on stablecoins.

“This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings,” the exchange’s team stated in its last message.

The market operator will keep the site open for withd…

This article appeared first on Cryptovest

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