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Tag: Zipmex

The Crypto Exchanges Performance In June 2022

Crypto Ben -
In June 2022, spot trading volumes across all centralized crypto exchanges fell 27.5% to $1.41tn, the lowest figure recorded since December 2020. Binance’s market share rose to 49.7% in June from 45% in January, according to CryptoCompare. FTX boosted its market share to 8.95% in June from 6% in January, making it the second-largest spot market. Coinbase has seen its share of the spot-trading market fall to 7.39% in June from 10.8% in January. OKX, BeQuant, and Gemini also saw their market share slip.

Next In Line! Crypto Exchange Zipmex Filed For Bankruptcy Protection!

Crypto Schemes Ben -
FinTelegram recently reported that Zipmex froze client withdrawals amid the expanding crypto crises following the collapse of Terra/Luna, Three Arrows Capital (3AC), Celsius Network, and Voyager Digital. Singapore-based Zipmex said it had filed five applicationsa under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 for Zipmex Group companies. The crypto exchange ran into troubles with its exposure to crypto lender Babel Finance, which froze withdrawals in mid-June.

Singapore Crypto Exchange Zipmex Extends Withdrawel Freeze

Crypto Charlene Lensburg -
Zipmex has become the latest crypto platform to suspend withdrawals. The Singapore-based crypto exchange Zipmex froze withdrawals due to financial difficulties that link back to the troubled crypto lender Babel Finance. On Thursday, Zipmex tweeted that it would extend the withdrawal freeze resulting from its financial difficulties. According to several industry sources, Zipmex may face losses from funds lent to Hong Kong-based lending platform Babel Finance and collapsed Celsius Network.

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