Topic: Exchanges closed down in 2019! - page 2. (Read 446 times)
There is not much choice by these exchanges. As you can see an exchange platform can be closed if no liquidity or profits gain from trading fees and that's normal. I remember cryptopia and idax as biggest exchange amongst the list. Ive using these two before but stop due to rumors of closing especially Idax. But as far as I know they arent closed yet as rumors sometime might be wrong but for the sake of keeping funds dont use it anymore cause the funds might be gone in an instant.
dam . why ? cryptopia , nova , and the recent idex were the biggest among the list if im not mistaken but others were also popular and have a sig campaign on here before . bear was only one year but the bears on the past are much more worster but it didnt result for the exchanges to shut down . i dont believe that the 2018 bear is the problem but maybe there are other serious problems that these guys were facing and they are pressured to run the exchange normally so they decided to take some breaks .
I recently see this, Exit scam? Aussie exchange freezes ‘$1m+’ of user funds in mystery audit.
Not officially closed down, but it looks like they're trying to exit scam.
Some of them might not be dead though and could come to live this 2020 as it seems that the whole crypto market is trying to rebound now, specially Bitcoin.
Not officially closed down, but it looks like they're trying to exit scam.
Some of them might not be dead though and could come to live this 2020 as it seems that the whole crypto market is trying to rebound now, specially Bitcoin.
After a long bear run in 2018, 2019 wasn't that bad! Crypto market recovered a bit! But the effect of the bear run was just huge, and that's why many crypto projects and exchanges closed down last year! From January to December of 2019, these exchanges were closed,
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
Yeah, no matter which year on here we are on crypto these kind of exchange hacks do happen. Those exchange are only a few in the list if
we do try to mention it overall.Try to look this updated list.
https://bitcointalksearch.org/topic/hacked-exchanges-since-2011-5090869
The majority of them are still alive and some may postpone the service for the users. I remind you that cryptopia is not yet a dead exchange site and it will comeback with more restrictions to the users.
Cobinhood is another exchange that shut down recently. It really came as a surprise, I don't know what could be attributed to the massive shutdowns. Is the market no more profitable or people don't really use the exchanges.
Cobinhood is the latest one but there are so many of exchange sites that have already closed last yearThis article will add more data to the OP's list.
https://en.cryptonomist.ch/2019/12/14/crypto-exchanges-closed-in-2019/
Cobinhood is the first exchange site who has closed this service in this year.
After a long bear run in 2018, 2019 wasn't that bad! Crypto market recovered a bit! But the effect of the bear run was just huge, and that's why many crypto projects and exchanges closed down last year! From January to December of 2019, these exchanges were closed,
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
The only one that I really felt was the Cryptopia closure I have some coins there that I have not retrieved and I am receiving my airdrop here from one project, two reasons why these exchanges are closing, volume and hacking and the competition is beating them we will see many more exchanges closing and this is expected this 2020.
the most surprising is idax. This is a popular exchange, it even has a good rating on CoinCapcap. Finally Idax announced that their CEO stole Idax assets. This proves that there is no safe exchange.
I think it is more like that having this kind of business has a very hifh risk because all of the altcoins that is in the market is also your investment if the exchanger is already trusted it could easily gain profit but acquiring users in the websites will be difficult because they are so many exchangers online. Its not going to be easy at all point for sure the one with less user is going to collapse.
After a long bear run in 2018, 2019 wasn't that bad! Crypto market recovered a bit! But the effect of the bear run was just huge, and that's why many crypto projects and exchanges closed down last year! From January to December of 2019, these exchanges were closed,
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
Yeah, no matter which year on here we are on crypto these kind of exchange hacks do happen. Those exchange are only a few in the list if
we do try to mention it overall.Try to look this updated list.
https://bitcointalksearch.org/topic/hacked-exchanges-since-2011-5090869
Cobinhood is another exchange that shut down recently. It really came as a surprise, I don't know what could be attributed to the massive shutdowns. Is the market no more profitable or people don't really use the exchanges.
Exchanges are closing down, yet some are yet springing up and selling ICO to scam investors. People need to be careful of the exchanges they trade and leave their fund, some developers are just too brutal. Bitbox has shutdown its window this year. Some of these failures are as a result of poor fund management and been adamant to accept responsibility and change.
Check here for a rather complete overview of hacked exchanges:
https://bitcointalksearch.org/topic/hacked-exchanges-since-2011-5090869
Kudos to VB1001 for compiling the list.
I think you should also give credit to the Op of this thread because the thread you made reference to is quite different from what @pacman7331 is saying. That an exchanged was hacked does not mean it has shut down. It was reported that Binance and several exchanges got hacked in 2019, but they never shut down.https://bitcointalksearch.org/topic/hacked-exchanges-since-2011-5090869
Kudos to VB1001 for compiling the list.
Also, your reference only had updates that stopped in 2018. If someone else comes up to continue with an updated list, it is also fine.
So, from my end, I am saying thanks to @pacman7331, for bringing up an informative thread as this.
After a long bear run in 2018, 2019 wasn't that bad! Crypto market recovered a bit! But the effect of the bear run was just huge, and that's why many crypto projects and exchanges closed down last year! From January to December of 2019, these exchanges were closed,
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
I'm actually surprised more prominent exchanges didnt close up shop. In any bear market we are going to have a lot of exchanges close down. The problem exists with new exchanges being created every day. The amount of total crypto volume cant support so many exchanges so its inevitable a true case of only the strong survive.
I used coinexchange few weeks before closing. They really did wonderfully well and their reason for shutting down was that it wasn't sustainable to run an exchange platform because they are running at lost. I think they are very straightforward with nothing to hide. I think the major reason why most of them are closing down is due to low trading volume and many of them are just actively dead 
. despite the fact that many of the already existed project are closing down, there are still many of them on ANN thread still coming out about exchange development project. In fact strongly believe there are too many exchange platform. it is good that they are gradually doing down.
Trading volume of crypto currencies are just moving to few particular exchanges because people started to trust only some exchanges that is why others are in loss or get hacked possibly wanted to exit scam.Still people not yet preferring decentralized exchange so we are in need for more true decentralized exchanges. . despite the fact that many of the already existed project are closing down, there are still many of them on ANN thread still coming out about exchange development project. In fact strongly believe there are too many exchange platform. it is good that they are gradually doing down.
Bitberry, the vaunted wallet provider announced its closure for February, He blamed the closure to prevalent market condition which I believe its mere distraction and unnecessary excuse. The awareness of the closure is not properly disposed, only token listed are making announcement through their groups which I found demeaning and improper. Are they planning to run away with people's coin. I also expect a free transaction fee for every coin because of the urgency.
After a long bear run in 2018, 2019 wasn't that bad! Crypto market recovered a bit! But the effect of the bear run was just huge, and that's why many crypto projects and exchanges closed down last year! From January to December of 2019, these exchanges were closed,
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)
I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!
Many of these exchanges were closed because they were exposed to hacking attacks. But I never understood the coinexchange being closed.
Except for Cryptopia and IDAX, they weren't too big anyway. They could not recover after hacking attacks. But coinexchange was the one of the biggest exchange of an era. I just sorry for coinexchange.
I used coinexchange few weeks before closing. They really did wonderfully well and their reason for shutting down was that it wasn't sustainable to run an exchange platform because they are running at lost. I think they are very straightforward with nothing to hide. I think the major reason why most of them are closing down is due to low trading volume and many of them are just actively dead . despite the fact that many of the already existed project are closing down, there are still many of them on ANN thread still coming out about exchange development project. In fact strongly believe there are too many exchange platform. it is good that they are gradually doing down.
. despite the fact that many of the already existed project are closing down, there are still many of them on ANN thread still coming out about exchange development project. In fact strongly believe there are too many exchange platform. it is good that they are gradually doing down. 
hey man , you forgot to adding Liqui , that closed on early 2019 .
they close with no problem , just because bankruptcy.
also Coinpulse on february 2019 , then on march we have gatecoin .
April , the large exchange from Korea has closed because pressure from the local regulator.
On june , the thief exchange , Coinroom has closes suddenly.
so far i just know that.
they close with no problem , just because bankruptcy.
also Coinpulse on february 2019 , then on march we have gatecoin .
April , the large exchange from Korea has closed because pressure from the local regulator.
On june , the thief exchange , Coinroom has closes suddenly.
so far i just know that.
If I am not wrong Liqui was hacked badly, same as Coinpulse and I saw gatecoin was scammed. In this thread, I only listed those exchange name which is officially closed down like Coinexchangeio, CodexExchange, they gave a long time to withdraw people's fund, not just suddenly.
Thats why I am not using small crypto exchanges, as you can see 9 of 10 exchanges were too small, only QuadrigaCX was one of the bigger ones. Even big exchanges like Binance was hacked, they covered all losses and survived, that is important because when you store more money on exchanges, you never know when it becomes hacked.
bad management and CEO are the problem of the exchange, seen in the last year Cryptopia and IDAX were closed, even though as far as I know the exchange is very well known and I also use, this is really a bad situation for crypto currencies
maybe other problems such as poor crypto market conditions for 2 seasons can also affect crypto exchange. traders also don't want to lose or get caught in a lonely exchange, don't have users, low volume and worse like hacking on Exchange.
Among these cryptopia was one with high volume and liquidity so i think it was victim to bad management rather money flow problems. While trade.io was good new project in my eyes and i think they should re-launch with a positive approach. No doubt the competiton is huge among the crypto market but there is also huge opportunity because it is a rapidly growing market.
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