Crypto platform Zipmex will start releasing Bitcoin and Ether for customers

A spokesperson for Zipmex has said that the crypto exchange will start releasing Ethereum and Bitcoin tokens from this week.

Zipmex is allowing 60% of its customers to retrieve their digital assets after a suspension of withdrawals from its Z Wallet product.

Singapore-based Zipmex in July halted withdrawals from Z Wallet, which it said had $53 million worth of cryptocurrencies exposed to Babel Finance and Celsius.

Ethereum will be released on Thursday and Bitcoin on Aug. 16, the company said.

Last week it allowed digital coins XRP, ADA and SOL to be withdrawn.

Zipmex late last month said it was in talks with investors for potential funding.

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