Exit stage left: Eqonex to close crypto exchange after two years

2022.08.16 06:54

Exit stage left: Eqonex to close crypto exchange after two years

Nasdaq-listed digital asset investment firm Eqonex has announced it will be exiting the “crowded crypto exchange space” by shuttering part of its operations.

In a Monday announcement, Eqonex said it will close trading on its crypto exchange on Aug. 22, with users allowed to withdraw funds until Sept. 14. The firm said the closure was part of an effort to streamline operations that focused on offering “the most potential for revenue growth and long-term financial sustainability,” which included its asset management and custody services at Digivault.

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