Cryptocurrency exchange Hotbit, which has 5 million users, announced that it has suspended its operations due to problems in the crypto money industry.
In the post published on the Hotbit official website, which has been serving since 2018, macroeconomic in the environment and in the crypto industry experienced justification for economic disruption centralized cryptocurrency exchange activities has suspended reported.
Exchange, 22 May 07:00 CET from users while stating that it has terminated operations as of From 07:00 CET on 21 June demanded that they withdraw their assets first.
Stock market macroeconomic environment, USA banking crisis And fight inflation under the continuous rising interest rates and in the cryptocurrency ecosystem, FTX bankruptcy, bankruptcy of crypto-supporting banks And USD Coin (USDC) issuer Circle with money in banks affected environment suggested. For these reasons, the stock market also fund outflow also emphasized that
Moreover your CEXs increasingly getting sluggish and long-term goals cannot afford was also included in the stock market’s announcements.
last year August all money temporarily deposit-withdraw transactions suspended the stock market, which had to buy purchase and sale transactions as well suspend must was left.