Zipmex Resumes Customer Withdrawals After Acquisition Deal
It is reported that the Southeast Asian cryptocurrency trading platform Zipmex reached an agreement with a venture capital company last month to reopen custome…
It is reported that the Southeast Asian cryptocurrency trading platform Zipmex reached an agreement with a venture capital company last month to reopen customer withdrawals after the completion of the acquisition transaction, according to CoinDesk, citing people familiar with the matter. According to a person familiar with the matter, a rescue agreement for “high-level negotiations” in November has been signed.
People familiar with the matter: Zipmex, the encrypted trading platform, will restart customer withdrawal after being acquired
Interpretation of the news:
Zipmex, a cryptocurrency trading platform based in Southeast Asia, has recently reached an agreement with a venture capital company that would allow the platform to reopen customer withdrawals. This news was reported by CoinDesk, which cited individuals familiar with the matter.
According to one of these sources, a “high-level negotiations” agreement was signed in November as part of the rescue deal. This means that the company was in dire straits and needed funding to sustain its operations. It is likely that the closure of customer withdrawals was a measure of protecting the platform’s financial stability.
With this recent development, it seems that Zipmex has found its savior in the form of a venture capital company. The details of the acquisition transaction remain undisclosed, but it is apparent that it allowed for the resumption of customer withdrawals. This is good news for Zipmex users who have been unable to withdraw funds since the platform halted these transactions.
The reopening of customer withdrawals is crucial for the credibility of the platform. Cryptocurrency exchanges operate on a certain level of trust from customers who expect their funds to be secure and accessible. The inability to withdraw funds can cause panic among users who may start to doubt the platform’s financial stability.
Zipmex is one of the many cryptocurrency trading platforms that have emerged in recent years. While the industry has seen rapid growth, it has also been plagued by high-profile hacks and thefts, resulting in significant losses for investors. By reopening customer withdrawals, Zipmex is taking a step towards rebuilding trust with its users.
In conclusion, the recent agreement between Zipmex and a venture capital company is a positive development for the platform’s users. Resuming customer withdrawals is a critical step, and it has likely been made possible by the acquisition transaction. As the cryptocurrency industry continues to evolve, it will be interesting to see how platforms like Zipmex adapt to meet the changing needs and expectations of their users.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/1827/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
#Severe Punishment for “Two Cards”-Related Crimes in Hefei
It is reported that according to the official account of Hefei police, the Hefei Intermediate People\’s Court, the Hefei People\’s Procuratorate and the Hefei Public Security Bureau
-
Moss: ABCDE Capital’s Open Source Developer Scaffolding Tool Library
On April 8th, according to official news, ABCDE Capital released the open-source developer scaffolding tool library Moss. The first tool is the Sequencer stress testing tool, aimed
-
When will iota be launched (iotsf)?
When will iota be launched? What is iOTA? In September 1, 2017, the blockchain s
-
Cryptocurrency Taxation Guidelines: What You Need to Know
According to reports, Julie Foerster, head of cryptocurrency taxation at the US Internal Revenue Service (IRS), stated that the IRS hopes to release cryptocurrency tax guidelines \”
-
What should be written to the withdrawal address of gateio (how to fill in the withdrawal address of gate.io)
What should be written when withdrawing to the address of gateio? What should be written when withdrawing to the address of gateio. gateio has two letters on the recharge page of Coin Security: a) Enter “gate” because this number can be modified. b) Entered your payee and recipient. Gate.io has processed a small withdrawal for the user However, from the beginning of the transaction, there is only one wallet address, so transfers cannot be made (if we understand it as an account). In this case, public key encryption needs to be used. That is to say, as long as you deposit the funds in the wallet, you can directly withdraw them, so there will be no blacklist How to fill in the withdrawal address for gate.ioAfter the gate.io was launched on June 2, 2020, we received a reminder of the user’s withdrawal amount: Since early March 2019, we have conducted multiple security audits. In order to ensure the normal operation…
-
Boca parallel chain Moonbeam has recovered blocks
According to reports, the Poca Parallel Chain Moonbeam Twitter stated that the root cause of the recent Moonbeam blockchain production problem has been determined, and the team has
-
The Rise of the King: Why Bitcoin is Superior to Other Cryptocurrencies
According to reports, legendary trader Peter Brandt stated that I believe Bitcoin is superior to other cryptocurrencies and will bury all impostors. In the end, there will only be
-
#The Rise and Fall of NFT Sales in April 2021
According to reports, according to CryptoSlam data, NFT sales in April were $7321.2 million, a decrease of 5.76% compared to March\’s $776.88 million. Among these sales, Ethereum ba
-
What is bch (what is bchabc)
What is bch According to CoinMarketCap data, bch is a cryptocurrency. Bitcoin Ca
-
Sentio Partners with Arbitrum to Build Visual Data Dashboards for DApps
On April 9th, it was announced that Sentio, a cross chain information indexing platform, has supported the Arbitrum network and DApps for building visual data dashboards. Previousl
-
Table of Contents
On March 28th, it was reported that the US stock market of Signature Bank, a signature bank, fell more than 99% before the market, and will begin trading over the counter (OTC) on
-
Launch of Aavegotchi Forge Upgrades Encrypted Collection Game
It is reported that the community members of Aavegotchi DAO have completed the vote on Monday (February 13) and announced the launch of \”Aavegotchi Forge\”, whi…
-
Noxx to Rebuild ZKP Circuit with Aztec Network Grant
On April 28, it was reported that Noxx, the salary and compliance tool, announced that it had received a donation from Aztec Network Grant. Noxx will use this grant to rebuild its
-
Mixed Results for Chinese Markets with Blockchain and Digital Currencies
According to the news, the A-share closed with the Shanghai Composite Index at 3291.15, down 0.46%, the Shenzhen Composite Index at 11900.12, down 0.57%, and t…
-
US Department of Justice Investigates Jump Trading and Jane Street over TerraUSD Rescue Plans
According to reports, the US Department of Justice has investigated two trading companies, Jump Trading and Jane Street, regarding plans to rescue Terra’s algorithmic stable currency, TerraUSD (USD). Prosecutors are currently investigating group conversations on Telegram from participants from Jane Street and Jump Trading. According to reports, these conversations are about potential aid to TerraUSD. The US Department of Justice investigated the chat records between Jump Trading and Jane Street regarding the rescue of TerraUSD Analysis based on this information:Recent reports suggest that the US Department of Justice (DOJ) has initiated an investigation against two leading trading companies, Jump Trading and Jane Street. The probe is related to the rescue plans of TerraUSD (USD), an algorithmic stable currency. According to the sources, the DOJ is scrutinizing the Telegram group conversations between members of Jump Trading and Jane Street. The DOJ’s investigation focuses on the possibility of Jump Trading and Jane Street providing aid to the struggling TerraUSD. The algorithmic stable…
-
Top Executives Leave Crypto Hedge Fund
According to reports, according to two insiders, Michael Bucella, the general partner, recently left BlockTower Capital. Meanwhile, according to the LinkedIn d…