CryptoBridge is Closing Shop. Withdraw Your Assets

[nanaimogold]

Similarly, a lot of Crypto projects usually die off as Christmas approaches. First it was IDAX, Now CryptoBridge is set to shutdown its activities and advices users to withdraw all assets before December 15th, 2019.

https://crypto-bridge.org

[asriloni]

Idax was a scam exchange site, and the traders can't even take their assets, but cryptobridge is a decentralized exchange site that must shut down its service due to the lack of the maintenance funds.
Both are different things. This exchange site can be an example of how difficult to make DEX survives in these days.

I can assume if there will be more DEX will have the same future as a crypto bridge. Just curious about how long the verification process?
The approaches of Christmas do not cause it, but the trend that is still going on in the crypto makes it dead.

[bitcampaign]

Similarly, a lot of Crypto projects usually die off as Christmas approaches. First it was IDAX, Now CryptoBridge is set to shutdown its activities and advices users to withdraw all assets before December 15th, 2019.

https://crypto-bridge.org

I have an opinion that cryptobridge is bankrupt so that it no longer provides their services and is turned off, this is because the crypto market is difficult so many exchanges that go bankrupt are not only cryptobridge but many, another one like coinexchange.io also closed their exchanges, but IDAX has a case what's different is just that their CEO ran away, so it's not the same as cryptobridge

[comchien]

Thank you for giving me this information, I also have a few coins on it and will quickly withdraw it to my personal wallet. It's difficult when many exchanges are about to close.

[pidie]

Thanks for the information. I always did not like the CryptoBridge exchange. this requires that they are not serious about developing their own exchange.

[DaMut]

Idax was a scam exchange site, and the traders can't even take their assets, but cryptobridge is a decentralized exchange site that must shut down its service due to the lack of the maintenance funds.
Both are different things. This exchange site can be an example of how difficult to make DEX survives in these days.

I can assume if there will be more DEX will have the same future as a crypto bridge. Just curious about how long the verification process?
The approaches of Christmas do not cause it, but the trend that is still going on in the crypto makes it dead.

the verification takes days to complete even some of them were rejected for no reason.

Thank you for giving me this information, I also have a few coins on it and will quickly withdraw it to my personal wallet. It's difficult when many exchanges are about to close.

do you have a problem withdrawing your coins from there? I heard a few complaints about their withdrawal issues.

[amazigh15]

Many exchanges stop their activities, we must expect new exchanges in 2020, spur that it will be good

[TravelMug]

Similarly, a lot of Crypto projects usually die off as Christmas approaches. First it was IDAX, Now CryptoBridge is set to shutdown its activities and advices users to withdraw all assets before December 15th, 2019.

https://crypto-bridge.org

I don't know where you get the idea that exchanges are shutting down during Christmas time.

Idax though was a different case, the owner went missing together with the funds.

At least CryptoBridge let their customers know that they are stopping all services. There are a lot of DEX/CEX around, lots of good choices actually so if you're a customer of them, better pull your funds now.

Important Notice

Dear users,

Ever since we entered the market, our vision was to provide a gateway to decentralized crypto trading. Our primary goal was to connect users and traders of crypto assets with new state of the art projects and to consistently provide superior service.

We put in a lot of hard work and did everything in our power to make the outcome different, but market conditions, increasing regulation, inability to fund further development and maintain operations forced us to make a difficult decision:

With great regret, we’re announcing that CryptoBridge is shutting down.

We want to notify our users that we will terminate all services and servers after December 15 23:59 GMT.

All deposits will be closed after December 3 23:59 GMT with withdrawals following after December 15 23:59 GMT.

http://crypto-bridge.org/

[TastyChillySauce00]

At least this one is not acting cowardly by running away with all the money. However, it's true though that at the end of the year there are usually so many things that happened to the whole bitcoin community even the biggest dump back then happen December-January 2018 if I'm not mistaken and that's such a scary thing to happen.

Many exchanges stop their activities, we must expect new exchanges in 2020, spur that it will be good

I'd recommend only uses reliable and trusted exchange not trying any new exchange that appears out of nowhere because the cycle will basically be happening again and if that goes on, many people will become a victim and losing money all over again. There's just no real reason for using such exchange.

[Amel]

At least this one is not acting cowardly by running away with all the money. However, it's true though that at the end of the year there are usually so many things that happened to the whole bitcoin community even the biggest dump back then happen December-January 2018 if I'm not mistaken and that's such a scary thing to happen.

But the fact is that the state of the bitcoin community is not determined by month, this is just a coincidence. And for those exchanges that are closed, they are actually losing competitiveness and the current state of the market community is not good, so most companies will close in the 4th quarter of every year.

[Chrystora123]

Similarly, a lot of Crypto projects usually die off as Christmas approaches. First it was IDAX, Now CryptoBridge is set to shutdown its activities and advices users to withdraw all assets before December 15th, 2019.

https://crypto-bridge.org

another exchange that is unable to survive!!  to be honest, I have never used this exchange so I don't really care about this news but some people who have been comfortable using this exchange must be very sad.

[passwordnow]

I have never used this exchange but I've been hearing them before when people are asking for an exchange. I've read that some people suggested that site here but if that are about to close I guess it's now time for them to take a rest. They probably can't take the competition and that's why they are forced to get out of it. I don't see the idea of falling down of projects during this specific season.

[desticy]

I do not know what to say. Some tendency to close crypto exchanges has begun.
What is it? An attempt to save an unsuccessful business or a call from the crypto market about the need to cleanse from failed projects.
I dealt with this exchange several times, and did not notice any problems. I am glad that they warned people in advance, although 15 days is not such a long time.

[ansi]

Wow, that's too bad, apparently these last couple months of bearish market will keep killing those minor exchanges.
I suppose the future of the exchange niche is set up already for Binance, Huboi, Bitmex & these kind of whale exchanges, all the others will disappear sooner or later.

[JCviggen]

It seems to me that this exchange has to disappear a long time ago. I am sure that starting from 2018 they received only losses but not profit. in 2020, even more, exchanges will close and only the most reliable will remain

[yangongear]

Similarly, a lot of Crypto projects usually die off as Christmas approaches. First it was IDAX, Now CryptoBridge is set to shutdown its activities and advices users to withdraw all assets before December 15th, 2019.

https://crypto-bridge.org

I think you can't compare IDAX with CryptoBridge, because IDAX is scam and their Founder run away with user's fund, while CryptoBridge have announcement and let user withdraw fund before shutting down. Their situation like Coinexchange.io, when market go down and they don't have enough fund to maintain its operation.

[vanya.pronin.1983]

Another good news. I remember that CryptoBridge clone Escodes closed down not so long time ago and it was such a scam exchange. Several months before the deadline, I was not able to transfer my funds back.

[nanaimogold]

Similarly, a lot of Crypto projects usually die off as Christmas approaches. First it was IDAX, Now CryptoBridge is set to shutdown its activities and advices users to withdraw all assets before December 15th, 2019.

https://crypto-bridge.org

I have an opinion that cryptobridge is bankrupt so that it no longer provides their services and is turned off, this is because the crypto market is difficult so many exchanges that go bankrupt are not only cryptobridge but many, another one like coinexchange.io also closed their exchanges, but IDAX has a case what's different is just that their CEO ran away, so it's not the same as cryptobridge

True. May not be similar issues resulting to the closure of both exchange but I still wonder why this usually occur during the year end especially Christmas. And Yes I saw the Coinexchange announcement too. I feel nostalgic about it having been the best CEX for me in its early time

[SolarWindMiningCompany]

Similarly, a lot of Crypto projects usually die off as Christmas approaches. First it was IDAX, Now CryptoBridge is set to shutdown its activities and advices users to withdraw all assets before December 15th, 2019.

https://crypto-bridge.org

This is a mere case of bankruptcy. It's similar to the issues facing coinexchange at the moment and will also face more projects. I know a project that raised over $10m in sales but unfortunately they left their proceeds in btc which caused a havoc. The dwindling market conditions makes it difficult for developers to cope a times and as time goes on, without proper management, marketing, revenue will thin out and bankruptcy sets in

[boris singer]

this is a rare case because they are only Dex, but if their main reason is because the volume is too small and cannot develop, then other dex who experience the same thing will also be the same in a short time. At least they are not a scam and are still responsible for user assets, just a few sad stories from cruel and heterogeneous market competition.