Crypto platform Zipmex to start releasing Bitcoin, Ether for customers – Reuters

Crypto platform Zipmex to start releasing Bitcoin, Ether for customers – Reuters

Blockchain Crypto Market Technology
August 12, 2022 by Coinvasity
39
People walk past advertisement screen boards showing a crypto exchange platform "Zipmex" in Bangkok, Thailand, July 27, 2022. REUTERS/Athit PerawongmethaBANGKOK, Aug 8 (Reuters) – Crypto exchange Zipmex will release Ethereum and Bitcoin tokens from this week, a spokesperson said on Monday, allowing 60% of its customers to retrieve their digital assets after a suspension of
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People walk past advertisement screen boards showing a crypto exchange platform "Zipmex" in Bangkok, Thailand, July 27, 2022. REUTERS/Athit Perawongmetha
BANGKOK, Aug 8 (Reuters) – Crypto exchange Zipmex will release Ethereum and Bitcoin tokens from this week, a spokesperson said on Monday, allowing 60% of its customers to retrieve their digital assets after a suspension of withdrawals from its Z Wallet product.
The Singapore-based Zipmex, which also operates in Thailand, Australia and Indonesia, in July halted withdrawals from Z Wallet, which it said had $53 million worth of cryptocurrencies exposed to Babel Finance and Celsius. read more
Ethereum will be released on Thursday and Bitcoin on Aug. 16, the company said. Last week it allowed digital coins XRP, ADA and SOL to be withdrawn.
Zipmex late last month said it was in talks with investors for potential funding.
The Thai Securities Exchange Commission on Saturday said it was collecting further information on affected customers and was working with customer representatives on the issue.
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Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash.
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