Fairdesk, a cryptocurrency exchange based in Singapore, has regrettably announced that it will be discontinuing all services on November 30 (local time). The exchange, which officially launched in 2021, made this difficult decision after careful consideration. In a statement, Fairdesk expressed that various factors contributed to its closure, including evolving market conditions and growing regulatory pressures. The exchange emphasized its commitment to ensuring a smooth transition for its users and will provide ample time for them to withdraw their assets. Fairdesk has been a reputable player in Singapore's cryptocurrency ecosystem, offering a range of services including trading, custody, and staking. Its closure is a reminder of the challenges faced by crypto exchanges in the current regulatory landscape.