XDEX cryptocurrency exchange closes

One of the largest cryptocurrency platforms in Latin America, XDEX, informed users of its closure, having worked on the market for almost a year and a half.

“The current financial situation and the problems associated with total regulation have significantly changed the opportunities that seemed quite feasible at the start of the project, which became the basis for our difficult decision,” the official website of XDEX said in a statement, which called attraction to crypto industry of major players in the Brazilian market.

It is noted that platform customers should close all positions within the next thirty days. In order not to lose money, they are advised to withdraw their fiat assets as soon as possible, otherwise, at the end of the term, the digital currency will be liquidated and transferred to registered bank accounts.

It is worth noting that now users will be able to contact through the official information channels of the site to clarify the details of the withdrawal.