The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX.Bitfront, a crypto exchange operating in the United States, has suspended new sign-ups and credit card payments while planning to cease operations in a few months’ time. The move comes despite efforts to overcome the current challenges in the “rapidly evolving” crypto industry, the company announced, quoted by Reuters and Bloomberg.
Bitfront also pointed out that the decision to close down is not related to the problems of “certain exchanges that have been accused of misconduct,” an indirect reference to FTX, one of the largest global players in the market before it collapsed andOther companies in the space, like Blockfi for example, have been hurt by exposure to FTX. The crypto lender announced on Monday it has
Hope they aren't gone down
This kind of thing is making fear to them who invested into crypto.
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Bullish
Well, one more good reason to keep using USDT
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Line is the largest mobile messenger in Japan. Like the WhatsApp of Japan. With bitfront suspending and maybe crashing...this doesn't look good for Line :(
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GIVEAWAY
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Thankks a millon
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Don't you think this deserves a mention 👀
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