{"id":139459,"date":"2024-10-12T09:00:53","date_gmt":"2024-10-12T06:00:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139459"},"modified":"2024-10-12T01:13:15","modified_gmt":"2024-10-11T22:13:15","slug":"another-crypto-exchanges-announces-shutting-down","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/another-crypto-exchanges-announces-shutting-down\/","title":{"rendered":"Another Crypto Exchanges Announces Shutting Down"},"content":{"rendered":"

Fairdesk, a Singapore-based cryptocurrency exchange, has revealed<\/a> <\/strong>it will cease operations on November 30, 2024. The announcement was later confirmed through an official press release. The company cited evolving policies and industry changes as the primary reasons for the shutdown, despite its steady growth since launching in 2021.<\/p>\n

Known for serving users in the U.S. and Canada, Fairdesk\u2019s decision to close has surprised many, particularly since the exchange appeared to be functioning normally until its announcement on October 10. Interestingly, the company\u2019s X.com account still listed job openings at the time of the closure notice.<\/p>\n

Previously, analysts had praised Fairdesk for its strong security protocols and competitive fees, but concerns over regulatory compliance had been raised, which now seem to have played a part in the decision.<\/p>\n