Melotic shuts down digital asset exchange

Investing | May 6, 2015 By:

On Sunday, May 3, Melotic announced that it is shutting down its digital asset exchange, citing a lack of sufficient growth.

“We simply didn’t see enough growth in our metrics and in the digital asset market to justify continuing devoting more resources to the exchange’s development. We still believe in bitcoin and have been working on a promising new product for the last couple of months,” said Melotic.

According to Melotic, users will have until 15th May to withdraw their balances, and deposits. After 15th May, the exchange will be shut off.

Melotic is a Hong Kong-based cryptocurrency startup.