Launched in 2015, Trade Satoshi closes as of March 1, after nearly 5 years of activity. The crypto currency exchange Trade Satoshi, which opened in October 2015, has decided to terminate its operations.
In the official statement made by the stock exchange today, it was stated that the tradesatoshi.com board decided to close the stock market and it is no longer economically feasible to continue to provide the necessary security, support and technology.
It was noted that when the users were warned not to deposit money on the stock exchange, all services would be terminated by March 1, 2020.
Tradesatoshi is closing down.
Read the announcement for details.https://t.co/GjSwwllxhT
Please make sure all withdrawals are completed before March 1 2020 00:00 UTC.
Please do not deposit! Deposits will no longer be processed. pic.twitter.com/4xxt2ZOa9P
— Trade Satoshi (@TradeSatoshi) February 20, 2020
Commenting on the issue, Binance CEO Changpeng Zhao said, “The stock market is probably one of the most difficult jobs to continue. One of the most difficult aspects is the economy of scale. Without doing this, you cannot invest in security and many other issues, and there is no point in continuing. I hope everyone’s money is safe in this case. ” said.
Trade Satoshi was a stock exchange that stood out with alternative cryptocurrencies rather than Bitcoin.