{"id":96275,"date":"2024-10-11T19:38:48","date_gmt":"2024-10-11T23:38:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=96275"},"modified":"2024-10-11T19:40:22","modified_gmt":"2024-10-11T23:40:22","slug":"fairdesk-crypto-exchange-announces-permanent-closure","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/fairdesk-crypto-exchange-announces-permanent-closure\/","title":{"rendered":"Fairdesk Crypto Exchange Announces Permanent Closure\u00a0"},"content":{"rendered":"\n

The 2021-founded cryptocurrency exchange Fairdesk in Singapore will shut down indefinitely<\/a> on November 30.\u00a0<\/p>\n\n\n\n

\"Fairdesk
Fairdesk Crypto Exchange Announces Permanent Closure\u00a0<\/figcaption><\/figure>\n\n\n\n

According to a business release, the decision was made regarding changing market conditions <\/a>and regulatory developments. <\/p>\n\n\n\n

With a global customer base, Fairdesk established a reputation for providing futures trading, spot trading, and other cryptocurrency services<\/a>. <\/p>\n\n\n\n

The company's management has shut down operations, citing difficulties in the present climate.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/fairdeskglobal\/status\/1844335458970632237\n<\/div><\/figure>\n\n\n\n

All trading on Fairdesk will end on October 17; withdrawals will be the only transactions permitted until the ultimate closing date. Fairdesk urged users to take their money out prior to the deadline of November 30. <\/p>\n\n\n\n

What\u00a0was Fairdesk?<\/h2>\n\n\n\n

Fairdesk was a Singapore-based platform for trading derivatives\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> that let users trade long and short digital asset positions. <\/p>\n\n\n\n

With leverage as high as 125x, traders might optimize profits while utilizing the least cash. The site positioned itself as a reliable exchange for day traders, earning a reputation for its great performance, dependability, and affordable transaction fees. <\/p>\n\n\n\n

Strong security procedures were another element of Fairdesk, which kept user monies in cold wallets<\/a> and made sure each transaction was personally reviewed and signed off-line.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The 2021-founded cryptocurrency exchange Fairdesk in Singapore will shut down indefinitely on November 30.\u00a0 According to a business release, the decision was made regarding changing market conditions and regulatory developments. With a global customer base, Fairdesk established a reputation for providing futures trading, spot trading, and other cryptocurrency services. The company’s management has shut down […]<\/p>\n","protected":false},"author":43,"featured_media":96276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11407],"tags":[1406,22316,22317],"class_list":["post-96275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-exchange","tag-crypto-exchange","tag-cryptocurrency-services","tag-fairdesk"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1728686687965.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=96275"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96276"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=96275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=96275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=96275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}