Apparently, 2019 was not a rosy year for crypto exchanges: according to some data, about 20 exchanges have closed in the year which is drawing to an end.
January 2019 February 2019
The investigators have even suspected the death of the platform’s CEO.
The CoinPulse crypto exchange also closed in February 2019 and went into liquidation, with the hope that some investors would make an offer to buy the platform.
During this period, Gatecoin, an exchange located in Hong Kong, announced its closure and liquidation due to some problems with local banks that had frozen their funds, probably due to money laundering issues.
In Korea, the Coinnest exchange, one of the largest in the country, closed in April. The decision to close the trading platform was mainly dictated by pressure from the local regulator, which pushed the team to permanently close its service.
On May 15th, the ill-fated Cryptopia exchange , which, following several hacks , was forced to terminate the service.
In the same month, the Indian exchange, Coinome, also ceased to exist, inviting users to withdraw their cryptocurrencies from their platform.
In this case, the closure of the platform was dictated by the very strict and unclear rules of the Indian government.
In the of Coinroom, there was a real exit scam as it closed all the channels and stole the clients’ funds. The exchange was centralised and the team did not inform users of its closure in any way.
Another case was the of the Novachain exchange, which disappeared into thin air in a matter of days.
Users did not lose any funds but, due to the delisting of tokens, these have lost a lot of value.
DXExchange is another one that had to because of the exorbitant costs it could no longer sustain and so it invited users to withdraw their funds before the final closure.
Alfredo de Candia
Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: “He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy”. Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.