Another cryptocurrency exchange has fallen prey to RBI’s banking ban! After Zebpay’s shocking exit, Coindelta has become the latest cryptocurrency exchange to shut down operations. The exchange announced the closure of its exchange services citing the
In its official announcement, the exchange said:
We have been operating at a minimal trade fee, bearing all the costs ourselves ensuring that your trading experience remains unaffected in the current unregulated environment. Economically, it’s no longer viable to continue with the exchange. It brings us no joy in ceasing operations. It broke our hearts to do that but it is the need of the hour considering limited resources at your disposal.Shubham Yadav, Founder of Coindelta
Coindelta has already suspended the markets. Users have a one-month window to transfer their crypto holdings from Coindelta to other exchanges or their own wallets. Users can withdraw funds until April 29, 2019.
Coindelta Users Angry after Increased Withdrawal Fees
Many Coindelta users reported that the exchange has increased the withdrawal fees after the announcement. According to reports, the withdrawal fees were 3-5 times the standard withdrawal rates.
Following the Coindelta announcement,