Founded in 2018, Izmir-based crypto exchange Coinzo announced on Monday that it has decided to terminate its services.
Coinzo users are asked to withdraw their Turkish lira and crypto assets in their balance.
Users’ future for six months It is stated that he can log in to his accounts, withdraw money and use all features except for buying and selling 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.”
As of writing, the Coinzo team has not responded to the question we posed to them to get information about the reason behind the decision to close the stock market.
Coinzo, which closed the CNZ Token parity on the platform as part of the closure process, announced that CNZ holders would convert their tokens into Turkish lira and reflect the money to the users’ account within seven working days.
Coinzo launched its own CNZ Token on the Ethereum blockchain in 2018.