Ankex, the cryptocurrency exchange founded last year by custodian Qredo, is closing down due to the bear market.
Ankex was led by Michael Moro, former CEO of Genesis Trading.
Ankex was designed to combine features in the field of decentralized finance (DeFi) with features that are customary to be seen on enterprise platforms. Users could both control their own assets on the platform and use an order book similar to that of traditional exchanges.
Judging by his biography on his social media account, Moro seems to have left his role on the platform.
In the statement made by Qredo, “The development of Ankex has been stopped. Ankex was ready to go public in beta form, as some of you tested it. Unfortunately, our path has to stop at this stage.” It was said.