Nasdaq-powered crypto platform DX.Exchange shuts down; on lookout for merger or acquisition
November 4, 2019, 4:11AM EST · 2 min read

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Estonia-registered crypto platform DX.Exchange has shut down less than a year after its launch
The firm is looking for either a merger or acquisition deal
After the publication of this story, Daniel Skowronski of DX.Exchange told The Block that he is still CEO of the firm and that “scam” reports are “ridiculous”

DX.Exchange, a cryptocurrency and tokenized securities trading platform, is shutting down just nine months after its launch.

The Estonia-registered platform, which is built on

“The costs of providing the required level of security, support and technology is not economically feasible on our own,” said DX.Exchange.

The exchange has, therefore, blocked all deposits and suspended trading on its platform. It has also asked users to withdraw funds by Nov. 15.

If a merger or acquisition does not take place in a timely manner, then the exchange could stop operations permanently, per the announcement. But it is hopeful for a deal as it wants to achieve “success for its shareholders and compete in this challenging market.”
If a merger or acquisition does not take place in a timely manner, then the exchange could stop operations permanently, per the announcement. But it is hopeful for a deal as it wants to achieve “success for its shareholders and compete in this challenging market.”
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https://www.theblockcrypto.com/post/45672/nasdaq-powered-crypto-platform-dx-exchange-shuts-down-on-lookout-for-merger-or-acquisition