🗣Singapore Crypto Exchange Fairdesk Announces Closure
Singapore-based cryptocurrency exchange Fairdesk has announced it will cease operations due to unfavorable market conditions and regulatory changes. The exchange, which offered spot and futures trading, will halt all trading activities starting October 17, with withdrawals allowed until the final closure on November 30. Users are urged to withdraw funds before the deadline. This decision follows stricter regulations imposed by the Monetary Authority of Singapore (MAS), increasing risk levels for digital asset exchanges.
