US based Crypto exchange Bitfront shuts down – Katoch Tubes

Bitfront fall in  the bear market

About Bitfront

Bitfront is a US Crypto exchange backed by Japanese social media company Line Corp.

The Shutdown

The exchange has suspended new signups & credit card payments. It is planning to cease operations in next few months.

What happend?

The exchange is shutting down to focus purely on growing the LINE blockchain ecosystem & LINE token economy.

Anything like FTX?

The team has clarified that there's no criminal misconduct like FTX. It's a decision taken collectively by them.

The Pain in the market

Crypto markets are getting the beating of a lifetime. The situation has worsened after FTX crash. There's no sign of recovery.

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