Sentiment: Negative
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It’s Now Too Difficult To Run a Centralized Crypto Exchange, Says Hotbit As It Shuts Down
By Daily Hodl Staff at 2026-05-08 16:53
Sentiment: Negative
Hong Kong-based cryptocurrency trading platform Hotbit announced today that it will stop all operations on May 22, 2023. In a new announcement, Hotbit, which had 5 million users, cites deteriorating operating conditions, crypto industry changes, and risk management concerns as their motives for shutting down. “This decision is based on three reasons: Firstly, the deterioration of […] The post It’s Now Too Difficult To Run a Centralized Crypto Exchange, Says Hotbit As It Shuts Down appeared first on The Daily Hodl. Continue reading...
Categories: Regulators
Tags: #Regulators #Trading #crypto exchange #hotbit #News #regulation #trading
Source The Daily Hodl