Decentralized cryptocurrency exchange CryptoBridge announced the termination of work. Users have two weeks to withdraw funds.
In a statement, the platform noted that the reasons for this decision were “market conditions, increasing regulation, inability to fund further development and maintain operations”.
CryptoBridge will stop accepting deposits from December 4, and assets must be withdrawn before midnight on December 15.
The platform recalled that withdrawal operations require user verification in accordance with EU rules. Verification may take several days.
In October, CryptoBridge introduced verification without warning, causing customer dissatisfaction.
The exchange will also close all accounts in social networks, including Discord, after which communication will be possible only through the wallet support system.