Copy link
Increase text size
Decrease text size
Link copied

Malta-based crypto exchange CGEX to shut down after less than a year of operation

Wed, 21 Aug 2019, 04:02 am UTC

Coinone Global Exchange (CGEX), a cryptocurrency exchange launched by major South Korean exchange Coinone in Malta, will shut down its services next month.

As per its official announcement, the company, which was launched last October 2018, will terminate its services on September 18 at 2:00 a.m. (UTC).

CGEX posted the termination notice on the main page of its website and explained that it can no longer maintain its service.

It further advised their clients to withdraw all their assets on user accounts before the closing date, as further withdrawals will no longer be available after. In addition, it will destroy all personal data including transaction details with the end of service.

We will further inform you that personal information with obligatory preservation clauses will be safely stored until destroyed at the end of the obligated period as outlined by the Act,” the notice stated.

In conclusion, CGEX expressed its apologies and gratitude to all its clients.

The final decision follows after CGEX announced last June 17 that they would temporarily terminate its trading and deposit services beginning July 17. The company said the initiative was to give way to a “new paradigm change in cryptocurrency exchanges” and launch a new trading platform. At the time, the firm said it will reveal the new CGEX in the third quarter this year.

Meanwhile, CGEX’ parent company Coinone has recently tapped cybersecurity audit firm CertiK and disclosures firm Xangle to provide “smart contract audit information” and “public disclosure information,” respectively, for cryptocurrencies listed on Coinone.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $16,953.40 (+0.46%)
  • Ethereum (ETH) $510.71 (+0.34%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $264.33 (+0.29%)
  • Chainlink (LINK) $12.43 (+2.09%)
  • Bitcoin (BTC) $16,953.40 (+0.46%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.