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Ethereum Founder Wants Monero To Overcome Its Obstacles |TechCrunch Disrupt London 2015 – Day 2

Stefan by Stefan
28/01/2019
in Altcoin News
1 min read
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gemini data, exchange, respondents, crypto, invest
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Right after Bitcoin miners started shutting down their operations and some Bitcoin mining giants began closing their mining operations, it is time for crypto exchanges to enter the latest cryptocurrency news and ‘stick’ to the trend.

In fact, this is already happening with Liqui, a small but long-running crypto trading company from Ukraine. According to the official announcement today, Liqui would close down its operations.

In a goodbye note shared on the site, the Ukranian exchange said that it was unable to provide liquidity to its customers which is why it had no economic reason to continue its services. As the exchange revealed in a note:

“We also do not see any economic point in providing you with our services. However, we do not want to return to where we were a month ago. Hence, we decided to close all accounts and stop providing our services. It broke our hearts to do that.”

Liqui also admitted that the overlong bearish cryptocurrency market was the reason for quitting, further adding that the market had changed significantly since 2017.

ADVERTISEMENT

This move shattered the crypto community towards speculating the beginning of the death of crypto exchanges. According to Ran Neuner of CNBC, the closing down of more trading companies in 2019 already began.

“I’m expecting more exchanges to shut down in this bear market,” he said on Twitter. “Last year everyone rushed to start an exchange. Exchanges require infrastructure that is expensive to maintain and most won’t survive this,” Neuner commented.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: AmidBearishbeginningdownendExchangesisliquimarketShuttingukranian
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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