Days after receiving a warning from Hong Kong regulators, crypto exchange JPEX says its third-party market makers “maliciously” froze funds.
Dubai-based cryptocurrency exchange JPEX has slammed regulators and “third-party market makers” for a liquidity crisis that has seen the platform hike withdrawal fees and suspend certain operations.“unfair treatment” from certain institutions in Hong Kong, along with negative news — caused its third-party market makers to “maliciously” freeze funds.
“They demanded more information from the platform for negotiation, restricting our liquidity and significantly increasing our daily operating costs, leading to operational difficulties.” Blaming the liquidity crisis, JPEX announced that all operations affiliated with its Earn product would be “delisted” by Sept. 18. Users will no longer be able to place any new Earn orders and existing Earn orders will only continue until the product end date, it said.
Regular spot trading activity appears to remain functional at the time of publication, however, JPEX users are
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
JPEX exchange suspends certain operations, hikes fees amid liquidity crisisFollowing a warning from Hong Kong's regulators, the JPEX exchange claims its third-party market makers 'maliciously froze' funds.
Lire la suite »
Hong Kong regulator: Crypto firms cannot claim to be 'banks'The warning comes amid a liquidity crisis at JPEX, a crypto exchange that was heavily marketed to Hong Kong citizens.
Lire la suite »
5 Best Bodyweight Exercises To Lose Belly Overhang in 30 DaysNadia Murdock, CPT, a certified fitness instructor, shares five of the best bodyweight exercises to lose your belly overhang in 30 days.
Lire la suite »
'Perfect Days' : Everything We Know About Japan's Academy Award EntryWim Wenders' latest film sees him capture poetry in Japan's public toilets.
Lire la suite »
90 Day Fiancé: Before the 90 Days Star Razvan Is Taking Advantage Of His New Fame90 Day Fiancé’s Razvan has started side hustles.
Lire la suite »