Ankex Crypto Exchange Pauses Operation Before Public Beta Launch
Ankex, a crypto exchange, has announced that it is pausing its operations before its public beta launch. The exchange informed its community on Telegram that despite being ready for the launch, they have decided to pause their development at this stage. Ankex aims to create a more secure trading ecosystem for crypto users.
According to Qredo, the parent company of Ankex, it was the world’s first hybrid derivatives exchange. Qredo is a Decentralized Finance (DeFi) infrastructure company.
The CEO of Ankex, Michael Moro, previously served as the CEO at Genesis Global Capital. However, he joined Ankex as CEO nine months ago. The pause in Ankex’s operations comes amid the recovery of the broader crypto market since October 2023.
Hot Take: Ankex Halts Operations Ahead of Public Beta Launch
Ankex’s decision to pause its operations before its public beta launch raises questions about the challenges and uncertainties faced by crypto exchanges in the ever-evolving market. While the broader market is anticipating a new bull run, Ankex’s temporary halt serves as a reminder that not all platforms are able to proceed with their plans smoothly. It remains to be seen whether Ankex will be able to restart its mission of creating a more secure trading ecosystem in the future.
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