Zipmex allowing some altcoin withdrawals

Published by
The Bangkok Post

Asia crypto exchange Zipmex Pte plans to allow users to withdraw some tokens from their trading accounts. The exchange set a timeline for withdrawals of Solana’s SOL, Ripple’s XRP and Cardano’s ADA, from Zipmex’s Z Wallet. Larger coins including Bitcoin and Ether remain locked up, the company said in a statement. Zipmex, which operates in Thailand, Singapore, Indonesia and Australia, halted withdrawals in July, citing “volatile market conditions, and the resulting financial difficulties of our key business partners.” Last week, Thailand’s Securities & Exchange Commission (SEC) ordered Zipmex’s…

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