Notice about bank failures and the halting of stablecoin trades.

We would like to address recent news regarding the unfortunate banking crisis and collapses of Silvergate and Silicon Valley Bank as well as the issues with the USD stablecoins depegging from the dollar.

We understand that this news causes concern and we first want to assure you that your assets with us remain safe.

We have zero exposure to Silicon Valley Bank. We were past clients of Silvergate Bank, but as they began to experience difficulties, we took precautions several months ago to move our business to other providers. Therefore, we also do not have any direct exposure to Silvergate bank or its collapse.

We are committed to providing our customers with secure and reliable financial services. We continue to work with reputable banking partners that have a proven track record of stability and compliance with industry regulations.

As we mentioned, your assets remain safe, and we will honor all withdrawals. 

The following functions are valid for the platform:

  • USD deposits and withdrawals will remain closed
  • USDC and DAI deposits remain closed
  • USDC and DAI trading is open

We understand the importance of stable banking relationships and maintaining our customers' trust, which is why we took action to mitigate any potential risks to our operations.

We appreciate your continued support and trust in us. If you have any more questions or concerns, please feel free to reach out to our team.


For more information on USDC:

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