Singaporean Crypto Exchange Zipmex Halts Withdrawals Thanks to ‘Volatile Market’

On Wednesday, the Singaporean crypto exchange Zipmex announced it was halting customer withdrawals of funds due to “volatile market conditions.” The firm bills itself as “Asia’s leading digital assets exchange” working primarily in Singapore, Australia, Indonesia and Thailand.

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“Due to a combination of circumstances beyond our control including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice,” Zipmex said.

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