Estonian Stock Exchange DX.Exchange Announces Temporary Closure

The board of directors of the Estonian trading platform DX.Exchange decided to suspend the activities of the exchange in connection with plans to sell the company, or to merge with another platform.

The statement noted that the cost of ensuring the proper level of security, support and team is too high and the business is simply unprofitable. Company representatives emphasized:

“The Board of Directors believes that this is the best option for DX.Exchange to succeed for the company’s shareholders and be a competitive platform. If the sale or association is not completed after a certain time, then the exchange may be closed permanently. “

The platform has already closed the acceptance of user deposits and canceled all open orders. At the same time, company representatives emphasized that all user funds are safe and will be returned to customers. Requests for payment of funds are accepted until November 15.

The user must provide a photo of the front side of the passport, a selfie with the current date and the inscription DX.Exchange, a list of cryptocurrency wallets and the amount of funds to be transferred there. In this case, the letter should be sent from the same email address that was used during registration.

Recall that the launch of the DX.Exchange platform took place at the beginning of this year, but very soon a number of serious vulnerabilities were discovered on the exchange.