The noisy DX.Exchange crypto-exchange on NASDAQ technology is closing, there may be problems with withdrawal of funds

Launched earlier this year, the Estonian DX.Exchange cryptocurrency exchange notified users of the immediate suspension of trading and deposits.

We need to alert the community that the DX.Exchange board of directors has decided to temporarily close the stock exchange as we look for opportunities to merge or sell the company completely," DX.Exchange writes on its blog. - It is not economical to bear the costs of providing the necessary level of security, support and technology on our own.

DX.Exchange has received significant public attention due to statements about the use of NASDAQ infrastructure in its activities, its regulated status and the possibility of buying tokenized shares of major technology companies. At the same time, the launch of DX.Exchange turned out to be ambiguous - bidders reported about obvious defects in the trading platform.

Today's announcement of DX.Exchange caused a wave of indignation among members of the community. It's all about the requirements that users need to meet in order to get the remaining assets on the exchange.

To do this, you need to send an email to the specified exchange:
A copy of the first page of the same identity document that was used to open the account;
The address of the wallet for each of the cryptocurrencies in the possession of the user and which he wishes to withdraw;
The sum of the output for each cryptocurrency pair;
Selfie with a piece of paper on which the current date and the words "DX Exchange" are written.
The user needs to use the same email address as when opening an account on the exchange. Withdrawal of funds will be carried out "as soon as possible". All withdrawal requests must be sent by November 15, otherwise "the withdrawal process may be violated".

Previously, CCN wrote that DX.Exchange could be linked to the suspected fraudulent binary options platform SpotOption. Daniel Skowronski, CEO of DX.Exchange, denied the exchange's connection to SpotOption.

Probably the last nail in the lid of the DX.Exchange coffin was the failed launch of trading with its own DXCASH token at the end of September. At the original price of $1.50, DXCASH collapsed to $0.10 on the first day of trading, and just before closing it was worth a fraction of a cent.

"DXCASH is traded about $0.10 on very low volumes. We believe that the majority of sellers are the people who received DXCASH during last year's airdrop or sell it just to sell it," the exchange wrote on September 26. - Contrary to some of the chat room reports, we are not crooks, we are here to continue working in the sweat of the face to strengthen DXCASH. As soon as the sellers' pressure drops, the DXCASH will move up to a much higher position.

In case DX.Exchange does find a buyer, it promises to notify users about the resumption of trades and deposits.