CryptoBridge's decentralised cryptographic currency exchange system (DEX) has announced that it is closing a message on its website.
In the announcement, the stock exchange warns users that all services and servers of the company will end after December 15. Users will be able to withdraw funds from the stock exchange until the last working day, but deposits will be closed after December 3.
The company refers to market conditions, increasingly strict regulations and lack of financial resources as reasons for the decision to close and not to pursue further development.
Users visiting the official Twitter profile of the stock exchange will receive a warning "this website does not exist". However, the new CryptoBridgeEU account has been activated earlier and spreading messages contradicting the message appearing on the official website of the platform. The account in question claims that the closure of the platform is only temporary.
On 27 November, Bancor's decentralised liquidity network announced a 60,000,000-tonne drop in an attempt to increase its liquidity pool. Low liquidity is the main problem faced by decentralised exchanges and makes it difficult for them to compete with central exchanges.
