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Bitfront Crypto Exchange Announces They Are Shutting Down
Crypto exchange Bitfront is shutting down its digital currency operations in a few months amid the ongoing crypto winter. According to the US-based Line Corp-backed company, it has suspended credit card payments and new sign-ups. Bitfront issued a statement addressing its intended closure, which read:
“Despite our efforts to overcome the challenges in this rapidly-evolving industry, we have regretfully determined that we need to shut down Bitfront in order to continue growing the LINE blockchain ecosystem and LINK token economy.”
However, despite the Bitfront shutdown, Japanese messaging giant Line will continue to support its blockchain ecosystem and native token.
Bitfront Shutting Down One Month after FTX Bankruptcy
The Bitfront closure comes just over a month after the FTX collapse that reverberated across the crypto industry. Although Bitfront admitted failure to weather the prevalent crypto contagion s
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