Crypto exchange Txbit to permanently close due to 'adverse market shifts'
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Netherlands-based cryptocurrency exchange Txbit is shutting down.
"In an environment where compliance costs are rising, and our product margins constantly face pressure, continuing as before has become untenable for us," the crypto exchange said in an official announcement, At the time of writing, Txbit's website is offline for a planned outage — during which time it will cancel all open orders and shut down its trading feature. Afterward, it will reinstate withdrawals.
The website will shut down on Sept. 14."We kindly ask all our customers to withdraw their funds before 12:00 PM UTC on September 14th, 2023."
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