• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Monday, June 5, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Eqonex to Close it’s Crypto Exchange after Two Years

August 15, 2022
in Altcoins
Reading Time: 3 mins read
A A
Eqonex to Close it’s Crypto Exchange after Two Years
ShareShareShareShareShare

Related articles

Zero-knowledge scaling will take decentralized gaming to the next level

Zero-knowledge scaling will take decentralized gaming to the next level

June 4, 2023
Hollywood needs Web3, not vice versa

Hollywood needs Web3, not vice versa

June 3, 2023

Eqonex announced on Monday that it will be closing its crypto-exchange space after two years of service.

In a statement by the service, Eqonex says that it will proceed to streamline operations and focus resources primarily on the businesses that offer the most potential for revenue growth and long-term financial sustainability. These include Asset Management and Custody at Digivault.

Important announcement from EQONEX. Today we announced that we will streamline our operations to focus on asset management and custody.

Read our press release: https://t.co/M9zmDyOjIB (1/6)

— EQONEX Group (@EQONEXGroup) August 15, 2022

Eqonex will close trading on its crypto exchange on Aug. 22, while users will be allowed to withdraw funds until Sept. 14. “Closing the exchange will significantly simplify our business, narrow our focus, free up resources, and allow us to operate as a more efficient organization with capacity to aggressively go after market segments that offer the most potential,” says Eqonex CEO Jonathan Farnell.

He added, “we take a realistic view that our exchange will not move the needle for us financially over the near-to-medium term. We don’t see value in continuing to bear the costs of operating an exchange during what may be a prolonged market downturn.” 

EQO

Eqonex also says that EQO, the exchange’s token, will “cease trading with immediate effect” as part of the shift in strategy. The shift has badly affected trading of the token. Shares of Eqonex that were trading at $0.79, having fallen roughly 1.75% in the last 24 hours.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Examining Decisions That Lead To Bitcoin – Bitcoin Magazine

Next Post

Why Aave Will Submit Address Censorship To A Community Vote

Related Posts

Zero-knowledge scaling will take decentralized gaming to the next level

Zero-knowledge scaling will take decentralized gaming to the next level

June 4, 2023

Gaming is one of the fastest-growing subsectors of the web3 industry and its most resilient verticals, with funding remaining buoyant...

Hollywood needs Web3, not vice versa

Hollywood needs Web3, not vice versa

June 3, 2023

The following is a guest post from Andrea Berry, Head of Business Development at Theta.In the glimmering world of Hollywood,...

Don’t blame memecoins and degens for crypto’s credibility problem

Don’t blame memecoins and degens for crypto’s credibility problem

June 3, 2023

Crypto has always struggled with credibility among no-coiners – who point to the lack of intrinsic value, price volatility, and...

How Bitcoin could offer a safe haven in the face of a global inflation crisis

How Bitcoin could offer a safe haven in the face of a global inflation crisis

June 3, 2023

The post How Bitcoin could offer a safe haven in the face of a global inflation crisis appeared first on...

FTX files objection to Genesis after being snubbed in $0.00 claim estimate

FTX files objection to Genesis after being snubbed in $0.00 claim estimate

June 3, 2023

FTX and its associated debtors declared numerous objections to Genesis’s bankruptcy proceedings and recovery plans in a June 2 court...

Load More
Next Post
Why Aave Will Submit Address Censorship To A Community Vote

Why Aave Will Submit Address Censorship To A Community Vote

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

NBA star Shaquille O’Neal gets served in FTX Lawsuit again

NBA star Shaquille O’Neal gets served in FTX Lawsuit again

May 25, 2023
NFT Platform Vibe Raises $4m in Series Funding

NFT Platform Vibe Raises $4m in Series Funding

May 9, 2023
How To Make $1 Million if SHIB Reaches $0.001?

How To Make $1 Million if SHIB Reaches $0.001?

May 26, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • All Nippon Airways Jumps into the NFT Space
  • CFTC Proposes Rule Update to Account for Crypto and Cyber Risks – Regulation Asia
  • SFC Issues Guidance on Crypto Licensing Transitional Arrangements – Regulation Asia

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,892.00-0.61%
  • ethereumEthereum(ETH)$1,875.28-0.95%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.19%
  • binancecoinBNB(BNB)$301.97-1.30%
  • usd-coinUSD Coin(USDC)$1.000.12%
  • rippleXRP(XRP)$0.532.06%
  • staked-etherLido Staked Ether(STETH)$1,871.69-1.14%
  • cardanoCardano(ADA)$0.375458-1.00%
  • dogecoinDogecoin(DOGE)$0.071667-1.38%
  • solanaSolana(SOL)$21.631.75%
  • matic-networkPolygon(MATIC)$0.89-1.93%
  • tronTRON(TRX)$0.081420-0.38%
  • litecoinLitecoin(LTC)$93.28-1.95%
  • polkadotPolkadot(DOT)$5.28-1.08%
  • binance-usdBinance USD(BUSD)$1.000.10%
  • avalanche-2Avalanche(AVAX)$14.760.99%
  • shiba-inuShiba Inu(SHIB)$0.000009-0.81%
  • daiDai(DAI)$1.000.02%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,923.00-0.76%
  • uniswapUniswap(UNI)$4.98-2.34%
  • leo-tokenLEO Token(LEO)$3.620.37%
  • chainlinkChainlink(LINK)$6.38-1.09%
  • cosmosCosmos Hub(ATOM)$10.69-0.62%
  • okbOKB(OKB)$45.54-0.45%
  • moneroMonero(XMR)$147.48-1.10%
  • ToncoinToncoin(TON)$1.74-0.13%
  • ethereum-classicEthereum Classic(ETC)$17.98-1.13%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.091152-1.12%
  • bitcoin-cashBitcoin Cash(BCH)$114.64-0.19%
  • internet-computerInternet Computer(ICP)$4.74-1.59%
  • true-usdTrueUSD(TUSD)$1.000.03%
  • lido-daoLido DAO(LDO)$2.27-2.25%
  • filecoinFilecoin(FIL)$4.58-5.51%
  • AptosAptos(APT)$8.92-0.84%
  • quant-networkQuant(QNT)$115.91-0.19%
  • hedera-hashgraphHedera(HBAR)$0.050103-0.97%
  • crypto-com-chainCronos(CRO)$0.0605711.67%
  • ArbitrumArbitrum(ARB)$1.17-3.83%
  • nearNEAR Protocol(NEAR)$1.61-1.52%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • vechainVeChain(VET)$0.019559-1.70%
  • apecoinApeCoin(APE)$3.243.54%
  • the-graphThe Graph(GRT)$0.124001-4.06%
  • algorandAlgorand(ALGO)$0.150688-1.05%
  • the-sandboxThe Sandbox(SAND)$0.592.49%
  • eosEOS(EOS)$0.91-1.33%
  • paxos-standardPax Dollar(USDP)$1.000.06%
  • fraxFrax(FRAX)$1.000.05%