Jump Capital-supported crypto exchange does notify payments

Jump Capital-supported crypto exchange does notify payments

The Singapore cryptocurrency exchange ZipMEX has frozen withdrawals, which indicates that smaller actors in the ecosystem of the digital assets still have to struggle with liquidity.

In a Twitter on Wednesday mentioned Zipmex market conditions and financial problems of business partners as foundations for his steps and repeated the latest statements Vauld.

Zipmex said in A Separate announcement The user could not carry out any trades or transactions.

Vauld announced at the beginning of July to suspend withdrawal, trade and deposits. The company said that she would apply for a moratorium at the courts in Singapore, which is a legal procedure connected with bankruptcy . Vauld's customer money is still in the floating almost three weeks later.

Zipmex was founded in 2018 and most of all wanted to expand his presence in Southeast Asia. It already has branches in Singapore, Thailand, Australia and Indonesia. According to Bitcoin Trader, the trading volume on Zipmex has reached 9 million US dollars Coingecko Data.

The company has so far raised almost $ 63 million in financial resources. crunchbase-daten indicates. The last round was cited by Coinbase in June this year. Coinbase had Instead for a strategic investment.

The existing investors include B Capital, Mindworks Capital, Infinity Blockchain Holdings and Jump Capital, the latter

The Central Bank of Singapore has considered new consumer protection measures after stormy markets prevented customers from calling up their money. The managing director of the bank, Ravi Menon, said on Tuesday that the city state was often regarded as a leading hub for digital assets with clear regulation, but further reviews were required.

"Checkings and public consultations between international standardization bodies and regulatory authorities are underway to strengthen regulation in these areas", he