In an announcement CoinExchange stated that trading services and deposits will be suspended on October 15. In a straightforward goodbye note, the crypto exchange said that it was experiencing financial difficulties, and assured its clients that there was no breach in its securities and it will allow withdrawals of funds till December 1.
“Unfortunately, it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings”, the note reads.