A Ukraine-based exchange Liqui announced that it was forced to shut shop due to lack of liquidity. Earlier, it had announced some changes in its policies and had given the option to users to either continue or leave the exchange.
However, on Monday, the exchange announced that it was forced to shut down. In a long note, the exchange said, “Much to our regret, after this step Liqui is no longer able to provide liquidity for the Users left. We also do not see any economic point in providing you with our services. However, we do not want to return to where we were a month ago. Hence, we decided to close all accounts and stop providing our services. It broke our hearts to do that.”
It added, “You will be able to withdraw your Digital Assets through our website within 30 days after this message was sent. If you did not withdraw delisted Digital Assets since we announced changes in our policies, you will also have another 30 days from the date this message is sent.”
The exchange said that after a month, there will be no guarantee of the company maintaining the website, in which case, all the withdrawals will be processed through https://liqui.freshdesk.com/support/home. The exchange also added that the company will be functioning until the last user has withdrawn their assets from the platform.
Not saying goodbye for good the exchange said, “We may be back soon. However, that depends on the market which has significantly changed since 2017. We do not know what else to say but say thank you for supporting the cryptocurrency community and your faith in us. We want to finish this message by the phrase of Marianne Williamson – ‘Every ending is a new beginning. Through the grace of God, we can always start again’.”
Just last week, Crypto-News India had reported that Bitcoin’s volatility has hit an all-time low since November, with 14-day volatility hitting the mark of 40. This is less than half of what it was in the first week of this month, making Bitcoin much less volatile than many fiat currencies. While this may appear as a bleak silver lining, the good news will gain momentum if institutions keep believing in it.
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