Fairdesk crypto exchange to shut down, cites market conditions 🍓

Fairdesk, a Singapore-based crypto exchange launched in 2021, will permanently close on Nov. 30.

The decision comes amid shifting market conditions and regulatory changes, according to a company release.

Fairdesk built a reputation for offering futures trading, spot trading, and other crypto services to a global user base. However, the company’s leadership has opted to wind down operations, citing challenges in the current environment

Effective Oct. 17, all trading activities on Fairdesk will cease, with only withdrawals allowed until the final closure date. Fairdesk encouraged its users to withdraw their funds before the Nov. 30 deadline.