Hong Kong-based cryptocurrency startup Melotic has announced that it is shutting down its digital possession exchange, citing a lack of adequate development.
In a Third May post, Melotic indicated that the expense of operating its platform had actually become prohibitive. The exchange, which hosts a number of altcoins and decentralized app (dapp) tokens, appears to have come down with low trading volumes.
According to the post, users will have till 15th May to withdraw their balances, and deposits. After 15th May, the exchange will be shut off.Continue reading at CoinDesk CoinDesk