Izmir-based crypto exchange Coinzo, which has been operating since 2018, announced that it has stopped all its activities as of this morning. Exchange, users will not experience any grievances. indicating that withdrawal transactions are still active stated that.
The Coinzo exchange has been actively trading since 2018 and had a daily trading volume of more than 500 million TL. It was one of the five most used cryptocurrency exchanges in Turkey in terms of transaction volume. Although the reason for the decision is not clearly stated, Coinzo firm may want to focus on new projects in the “cryptocurrency and blockchain” sector.
The statement made on the Coinzo website is as follows:
“Dear Coinzo Users,
Coinzo Technology Inc. We have decided to terminate our digital asset service provider (cryptocurrency platform) service that we have been operating since 2018. Access to www.coinzo.com will be open for 6 months.
During this process, our users will be able to withdraw TRY and crypto money balances and use all features except purchase/sell transactions.
Trading on the Coinzo platform has been suspended as of 09:00 on Monday, October 11, 2021. The relevant institutions were informed about the activity termination process. Our support team will continue to provide solutions to our users’ problems during this time. The process will be carefully managed so that none of our users are victims.
Coinzo Technology Inc. We aim to meet our users with new projects in the “crypto money and blockchain” sector.
It is announced to the public with respect.
Coinzo Team”
Users’ addresses will remain open for six months!
So what should users do?
If you are a Coinzo user, you don’t need to worry for now. As you did before, you can log in to www.coinzo.com with your user information. After logging in, you can withdraw cryptocurrencies as TRY and crypto money. Therefore, if your current money is TRY, you need to place a withdrawal order directly to your bank account or to a different wallet if it is crypto money.
Although users who want to withdraw to their bank account can withdraw 24/7 using Akbank, the owner of the bank account and Coinzo account must be the same people. If there is a development regarding Coinzo, we will inform you as soon as possible.