Cryptocurrency exchange Liqui shuts down due to lack of liquidity
Liqui, a cryptocurrency exchange that has been operating since 2016, announced today that it is shutting down, citing a lack of liquidity as the primary reason. According to Liqui's announcement, the exchange "is no longer able to provide liquidity for the users left" and "do not see any economic point in providing you [users] with our services." Liqui users will have 30 days to withdraw their assets from the exchange. Liqui's announcement comes after a string of asset delistings, leading some traders to believe the exchange was attempting an exit scam.
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
See More
