Bitcoin Forum

Economy => Exchanges => Topic started by: examplens on December 16, 2022, 06:04:47 PM



Title: qTrade.io - shutting down. Withdraw your funds
Post by: examplens on December 16, 2022, 06:04:47 PM
another exchange is going down in history.
The bear market is starting to take all poorly profitable businesses


Effective December 31, 2022, they will be removing all markets and disabling deposits on the qTrade.io platform
Withdrawals will be available for at least a year, but after March 31, 2023, they may be manually processed. it is probably desirable to make a withdrawal as soon as possible and at the latest end of March 2023.

full statement https://qtradehelp.zendesk.com/hc/en-us/articles/11423085662733



Title: Re: qTrade.io - shutting down. Withdraw your funds
Post by: JeromeTash on December 16, 2022, 08:58:11 PM
My first time hearing about this exchange but at least they will to give their customers time to withdraw their assets unlike some that just decided to pause withdrawals and then shutdown.

It's really a very hard time for crypto businesses. Whoever makes it through this crypto winter will have gone against many odds.


Title: Re: qTrade.io - shutting down. Withdraw your funds
Post by: Oshosondy on December 16, 2022, 11:09:39 PM
I have just checked about this exchange, reported every 24 hours volume for over a long time now is not much, seeing around $20000 or less is surprising me, trading on the exchange would be with difficulty, the trades will not not be filled in time. I am wondering that some people are still using the exchange after such very low volume.


Title: Re: qTrade.io - shutting down. Withdraw your funds
Post by: examplens on December 17, 2022, 12:10:59 PM
I am wondering that some people are still using the exchange after such very low volume.

there are some altcoins with medium-sized communities listed on this exchange. Somehow, they maintained the trading volume on it, and that kept them alive. now some of them have sunk, which obviously had a significant impact on the functioning of this exchange.