<p>U.S.-headquartered decentralized cryptocurrency exchange CryptoBridge is closing operations, citing several reasons, including “increasing regulation.”</p> <p>A <a href="https://crypto-bridge.org/">notice</a> on the exchange’s website reads that the “difficult” decision has been taken due to “market conditions, increasing regulation, inability to fund further development and maintain operations.”</p> <p>CryptoBridge had around <a href="https://www.similarweb.com/website/crypto-bridge.org">320,000 visitors</a> in October, with most from Russia and Bulgaria, according to web analytics firm SimilarWeb. The exchange said its vision was to provide a gateway to decentralized cryptocurrency trading and “did everything” in its power to save the ship from sinking but couldn’t succeed.</p> <p>All deposits are closing Dec. 3 and withdrawals on Dec. 15, said CryptoBridge, adding that all users have to withdraw their funds in the meantime.</p> <p>Notably, the exchange also said that all its social media accounts will be closed. However, a Twitter account <a href="https://twitter.com/CryptoBridgeEU/status/1201407943108890624">appears to be impersonating</a> CryptoBridge, which says: “We are only temporarily shutting down. We will be opening a new and improved exchange.”</p> <p>The Block has reached out to CryptoBridge for further comments and will update this story if they reply.</p>