Friday, November 22, 2024
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CryptoBridge Closes Down and Waves Relaunches, DEXs Face Tough Times

Earlier this week, decentralized cryptocurrency exchange CryptoBridge abruptly announced that it was shutting shop, leaving just two weeks for its customers to retrieve their funds. Around the same time, the Waves DEX also shut down to resume operations as a hybrid exchange.While Waves ostensibly decided to “merge all the

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CryptoBridge Decentralized Exchange Shuts Down Citing Regulations, Markets

The decentralized cryptocurrency exchange (DEX) CryptoBridge announced that it is closing down in a message on its website.In the announcement, the exchange warns users that all of the firm’s services and servers will terminate after Dec. 15. Users will be able to withdraw funds from the exchange until the

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BitShares DEX Gateway CryptoBridge Implements Mandatory KYC for Users

BitShares Decentralized Exchange (DEX) gateway CryptoBridge announced on Oct. 1 that it has implemented mandatory user Know Your Client (KYC) verification.European regulation is responsiblePer the announcement, the reason for the upcoming mandatory KYC is the 5th EU Anti-Money Laundering Directive (AMLD5). Interestingly, CryptoBridge also noted that the company wants

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