The world-famous Japanese social media company LINE has decided to close the cryptocurrency exchange Bitfront to focus on the blockchain ecosystem and the economy of its native token, LINK (LN).
According to an announcement made by LINE today implemented in 2020 crypto exchange BitFront will be closed. Stating that they are affected by the ongoing crypto winter, LINE added to their operations. blockchain ecosystem and LN token will continue to develop. Bitfront, the crypto exchange owned by LINE, new records and deposit with credit card customers to withdraw funds while immediately stopping transactions. deadlines until March 31 announced that it will.
The following statement was made by the company:
Despite our efforts to overcome the challenges in this rapidly evolving industry, we regretfully decided to shut down Bitfront to continue growing the LINE blockchain ecosystem and the LINK token economy.
Bitfront further stated that the decision to close the exchange was made in the “best interest” of the LINE ecosystem. of FTX He stressed that he was not directly involved in the ongoing industry scandal that he triggered. BitFront until the end of December It aims to stop all cryptocurrency and fiat deposits as well as suspending transactions and canceling open orders.
CoinGecko according to data in the last 24 hours 3% experiencing a decline LINK (LN), from $25.86 is being traded.