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Crypto Trading Prixbit officially announces its closure

2019-08-20 03:46 pm | Resource: News Section | No Views : 44

Crypto Trading Prixbit officially announces its closure South Korea-based Crypto Trading Prixbit has officially closed its platform in the country, according to local reports in the country.
On a website on August 9, titled "Prixbitend", Cryptocurrency trading announced that it would stop trading, the move was later conveyed by the local press.
Prixbit wrote:
"Due to negative internal and external influences, management difficulties cannot be overcome and the normal process has become impossible."
The bourse said it worked hard to deal with piracy, money laundering and phishing. She promised to return all deposits to people who provided customer information to allow return. For other codes that are still in deposit, the site encouraged owners to register for a refund as soon as possible.
A report released Monday (August 19th) at BusinessKorea announced that the failure of the digital currency was related to "financial difficulties" and that investors were worried about their holdings.
The report pointed to the complexity of the local market - four stock exchanges can contact local banks for traditional currency transactions, while the rest are closed outside the financial system - as well as lower volumes as factors.
BusinessKorea wrote, that nearly 200 Korean stock exchanges face the risk of closure, ie 97 percent full of the sector.
According to the magazine, the weak local environment is leading many currencies to look for listings abroad, while non-Korean bourses are looking to provide Korean won-denominated services.
Mediblock, a medical-related Blockchain project, and Temco, another supply chain project, are cited as examples of local Korean players seeking to include their cryptocurrencies in overseas markets. The magazine said they were looking at Singapore or the United States.
The failure of the Crypto Trading Prixbit comes at a time when the sector is tightening security and returning to basics. Coinone has been particularly active in this regard, having recently validated and published listing rules, while the Malta Stock Exchange is in the process of being closed.
There is very little information available on the Crypto Trading Prixbit and it seems to be doing little while it is. According to Foundico, which tracks ICOs, the beta version was launched in February 2019. The official launch was set for next September, and the stock exchange was to issue two symbols GRX and PRX.

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