PANews reported on October 12 that according to Cointelegraph, Singapore cryptocurrency exchange Fairdesk announced that it will officially shut down all services on November 30, 2024 due to policy and regulatory issues. Since its establishment in 2021, Fairdesk has provided high-quality trading services to users in the United States and Canada, but with the changes in the regulatory environment, the platform has decided to close permanently. Users need to liquidate their accounts (futures and spot positions) before October 17, after which the platform will only retain the withdrawal function until it is closed on November 30.