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Cryptocurrency Exchange Coinone To Shut It’s Services

Coinone, a Korean based company announced that it will be closing CGEX services on September 18th, 2019, 02:00 (UTC).

The announcement stated,

“First of all, we would like to thank our customers for our exchange service. Unfortunately, due to our circumstances, we decided that we could no longer maintain service, so we are terminating the service and will inform you as follows”.

The company had already made a temporary suspension in July, 2019 as per the announcement. During this temporary suspension, customer data was kept secure in the database while deposits were stopped. Users could withdraw money even during suspension.

Now, after termination, users won’t be able to login to their wallets, make deposits, withdraw the money. Also, their data will be permanently deleted after Sep 18. The company has urged users to withdraw all the money before this date to avoid personal losses. 

The new CGEX is touted to be introduced somewhere in 2019 end. Coinone has taken several steps to improve security, this termination being one of those decisions. 

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