It's probably because operating an exchange is not profitable anymore. With the decline in crypto interest and activity because of all the scams, there are much fewer people who trade online now and so the trading fees that used to keep the exchange afloat, no longer exists. Given these, the exchange operators have probably been in negative earnings because they have to pay for and maintain servers, developers, and support specialists.
It's purely a business decision.
very true what you say. because operating an exchange is no longer profitable. With the decline in interest and crypto activity due to all the scams, there are far fewer people trading online now so that the trading costs used to keep the exchange going, no longer exist. Given this, exchange operators may have negative revenues because they have to pay and maintain servers, developers, and support specialists. This is purely a business decision.
Im using Trust and Atomic base on that list Its not on the list But im using also imtoken,EThos and Coinomi I rather choose a mobile base wallet for IOS and Android beside its light and handy you can carry it anytime you want.
Another Exchange Closed?
in Exchanges
Posted
very true what you say. because operating an exchange is no longer profitable. With the decline in interest and crypto activity due to all the scams, there are far fewer people trading online now so that the trading costs used to keep the exchange going, no longer exist. Given this, exchange operators may have negative revenues because they have to pay and maintain servers, developers, and support specialists. This is purely a business decision.