Zipmex Shares New Plan to Re-Open Customer Withdrawals

A day after halting customer withdrawals citing market volatility, Zipmex is now planning to re-open withdrawals and deposits from its trade wallet feature. Trading will remain disabled until further notice, the company said. Zipmex Re-Enables Customer Withdrawals According to the latest update from today, Zipmex said it would be re-enabling customer withdrawals and deposits through its Trade Wallet feature from 17:00 UTC today. However, it added that trading would remain suspended. 📢Important Announcement 📢 We are extending our maintenance period and will re-enable withdrawals and deposits for your Trade Wallet on 21 July 2022 at 18:00 (GMT+7). Trading will remain disabled until further notice. pic.twitter.com/2qCDzcyjdY — ZIPMEX (@zipmex) July 21, 2022 This comes just after a day after the platform announced that it “would be pausing withdrawals until further notice,” citing a combination of uncontrollable circumstances, including “volatile market conditions, and the resulting financial difficulties” of their “key business partners.” In a separate now-deleted statement published on its social media channel, the exchange said it was working to “resolve the situation.” “Zipmex has retrieved the majority of our funds and assets that were historically deposited with our deployment partners and have been actively working to resolve the situation for the remaining outstanding assets. There were no materially adverse impacts to o...