In a blog post, DX.Exchange informed its users that the operational costs of running the cryptocurrency exchange led the firm’s board of directors to suspend its services temporarily. Meanwhile, the digital assets exchange will be looking to merge with another company or for an outright sell-out.
If the firm does not complete the merger or the sell, then it will shut down completely.
In the meantime, deposits and trading services in the exchange have been suspended. Users will be able to withdraw their funds by sending an email to the exchange’s support team before Nov. 15. All funds remain safe and are required to be returned to allow a merger, sale, or shut down to occur, as stated by DX.Exchange.