Eqonex Closes its Crypto Exchange

Nasdaq-listed financial services firm Eqonex Limited (EQOS) has closed its crypto exchange, according to an announcement on its website.

The exchange launched in 2020 and will close trading at 08:00 AM UTC on Aug. 22.

Customers haved until Sept. 14 to withdraw their funds.

Eqonex closed its crypto exchange to improve its financial position and allow it focus on its asset management business as well as its custody business, Digivault.

In March, Eqonex entered a partnership with Binance-owned fiat-to-crypto payments provider Bitfinity, with Bitfinity providing a $36 million loan that can be converted into equity.


Leave a Reply

Your email address will not be published.