The news of CryptoBridge shutting down has come as a surprise for its users. The famed cryptocurrency exchange, CryptoBridge, has announced that it is shutting down operations due to strict government regulations. The decision to shut down business comes amid altcoin slowdown that is threatening to wipe out smaller exchanges. After a catastrophic year of downward price movements, many small crypto exchanges are struggling to stay afloat amid falling margins, tighter regulations, and daunting crypto trading challenges. The altcoin market is shrinking due to stagnant innovation and bitcoin dominance. CryptoBridge is the latest victim of a downhill altcoin market that
