• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Zipmex resumes withdrawals for trade wallets

Jon Hartney by Jon Hartney
July 22, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively.

Cryptocurrency exchange Zipmex has resumed withdrawals from its trade wallet after two days, but said transfers, deposits and trade will continue to be disabled from its Z Wallet.

In a Friday announcement, Zipmex said its Thailand-based users could make withdrawals from its trade wallet, with the function expected to be “re-enabled this evening” for clients in other countries. The crypto exchange has had withdrawals disabled since Wednesday, citing a “combination of circumstances” beyond its control, including the recent market volatility.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

“Ever since the black swan events surrounding the crypto space Zipmex has retrieved the majority of our funds and assets that were historically deposited with our deployment partners and have been actively working to resolve the situation for the remaining outstanding assets,” said Zipmex. “There were no materially adverse impacts to our operations.”

Important Announcement

Maintenance on the Trade Wallet has ended. Withdrawals for your Trade Wallet are now enabled as of 22 July 2022 at 18:00 (GMT+7).

Transfer from Z Wallet, deposit and trade will continue to be disabled until further notice. pic.twitter.com/voMInELlH5

— ZIPMEX (@zipmex) July 22, 2022

Cointelegraph reported on Wednesday that, according to a person close to the exchange, Zipmex had roughly $100 million in exposure to crypto lender Babel Finance, which was at risk of default. The Hong Kong-based firm halted withdrawals in June, citing “unusual liquidity pressures.”

However, according to Zipmex, the exchange only has $48 million in exposure with Babel and $5 million with Celsius, which may also be facing insolvency. Zipmex said it was in discussions with Babel to resolve the situation and was “actively engaging” with Celsius:

“Our exposure to Celsius was minimal, as such, we were intending to write this off against our own balance sheet.”

Related: Strict Thai crypto regulation causes SCB to delay Bitkub acquisition

Zipmex offers services for users in Thailand, Indonesia, Singapore and Australia. Cointelegraph reported in August 2021 that the exchange’s user base had reached 200,000 with more than $1 billion in gross transaction volume since its launch in 2019.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,250.000.66%
  • ethereumEthereum(ETH)$1,602.990.44%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.32%
  • usd-coinUSD Coin(USDC)$1.000.01%
  • binancecoinBNB(BNB)$308.290.18%
  • rippleXRP(XRP)$0.4130840.01%
  • Binance USDBinance USD(BUSD)$1.00-0.41%
  • cardanoCardano(ADA)$0.388052-1.37%
  • dogecoinDogecoin(DOGE)$0.0891391.33%
  • matic-networkPolygon(MATIC)$1.150.28%
  • OKBOKB(OKB)$39.318.29%
  • SolanaSolana(SOL)$24.30-1.11%
  • Lido Staked EtherLido Staked Ether(STETH)$1,601.680.50%
  • polkadotPolkadot(DOT)$6.49-1.52%
  • Shiba InuShiba Inu(SHIB)$0.0000121.16%
  • litecoinLitecoin(LTC)$95.658.03%
  • AvalancheAvalanche(AVAX)$20.60-1.15%
  • tronTRON(TRX)$0.0634450.15%
  • UniswapUniswap(UNI)$6.78-0.87%
  • daiDai(DAI)$1.00-0.20%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,235.000.71%
  • cosmosCosmos Hub(ATOM)$13.30-2.73%
  • ToncoinToncoin(TON)$2.51-2.11%
  • leo-tokenLEO Token(LEO)$3.97-0.84%
  • chainlinkChainlink(LINK)$7.36-1.30%
  • moneroMonero(XMR)$183.551.64%
  • ethereum-classicEthereum Classic(ETC)$22.522.29%
  • AptosAptos(APT)$18.01-3.90%
  • bitcoin-cashBitcoin Cash(BCH)$135.621.01%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.093146-0.43%
  • ApeCoinApeCoin(APE)$6.08-3.54%
  • QuantQuant(QNT)$150.71-0.73%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.50-2.53%
  • CronosCronos(CRO)$0.081609-0.68%
  • filecoinFilecoin(FIL)$5.39-0.85%
  • Lido DAOLido DAO(LDO)$2.29-6.21%
  • algorandAlgorand(ALGO)$0.258853-1.80%
  • vechainVeChain(VET)$0.024437-1.50%
  • Internet ComputerInternet Computer(ICP)$6.091.23%
  • HederaHedera(HBAR)$0.068072-2.51%
  • Axie InfinityAxie Infinity(AXS)$11.52-1.92%
  • decentralandDecentraland(MANA)$0.70-1.72%
  • AaveAave(AAVE)$85.59-2.28%
  • eosEOS(EOS)$1.10-0.59%
  • The SandboxThe Sandbox(SAND)$0.74-3.25%
  • FantomFantom(FTM)$0.453839-4.10%
  • FlowFlow(FLOW)$1.08-3.09%
  • MultiversXMultiversX(EGLD)$44.62-1.08%
  • theta-tokenTheta Network(THETA)$1.09-1.56%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001740.56%
  • tezosTezos(XTZ)$1.11-2.69%
  • FraxFrax(FRAX)$1.00-0.24%
  • true-usdTrueUSD(TUSD)$1.000.41%
  • paxos-standardPax Dollar(USDP)$1.000.20%
  • bitcoin-cash-svBitcoin SV(BSV)$44.18-0.41%
  • huobi-tokenHuobi(HT)$5.141.52%
  • The GraphThe Graph(GRT)$0.093935-1.92%
  • Frax ShareFrax Share(FXS)$11.04-1.62%
  • kucoin-sharesKuCoin(KCS)$8.153.22%
  • Curve DAOCurve DAO(CRV)$1.08-2.74%
  • havvenSynthetix Network(SNX)$2.49-1.73%
  • Rocket PoolRocket Pool(RPL)$39.18-0.83%
  • ChilizChiliz(CHZ)$0.138851-0.81%
  • eCasheCash(XEC)$0.000038-2.23%
  • Trust WalletTrust Wallet(TWT)$1.74-0.78%
  • USDDUSDD(USDD)$0.990.01%
  • BitTorrentBitTorrent(BTT)$0.0000010.21%
  • PancakeSwapPancakeSwap(CAKE)$4.020.26%
  • KlaytnKlaytn(KLAY)$0.217351-1.12%
  • BitDAOBitDAO(BIT)$0.58-1.32%
  • iotaIOTA(MIOTA)$0.238804-1.93%
  • dashDash(DASH)$56.409.39%
  • GateGate(GT)$4.231.34%
  • zcashZcash(ZEC)$46.52-0.15%
  • makerMaker(MKR)$661.39-3.11%
  • neoNEO(NEO)$8.36-0.17%
  • cUSDCcUSDC(CUSDC)$0.0227100.16%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.29%
  • OKCOKC(OKT)$31.664.69%
  • THORChainTHORChain(RUNE)$1.86-1.47%
  • cDAIcDAI(CDAI)$0.0220490.17%
  • BTSE TokenBTSE Token(BTSE)$3.39-2.58%
  • Tokenize XchangeTokenize Xchange(TKX)$6.762.67%
  • Mina ProtocolMina Protocol(MINA)$0.65-2.15%
  • ImmutableXImmutableX(IMX)$0.66-3.63%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • RadixRadix(XRD)$0.05192515.57%
  • ArweaveArweave(AR)$10.29-1.00%
  • PAX GoldPAX Gold(PAXG)$1,920.31-0.08%
  • OsmosisOsmosis(OSMO)$0.97-2.19%
  • GMXGMX(GMX)$56.693.19%
  • zilliqaZilliqa(ZIL)$0.029553-2.42%
  • OptimismOptimism(OP)$2.21-5.37%
  • FlareFlare(FLR)$0.0432399.33%
  • nexoNEXO(NEXO)$0.85-0.29%
  • Tether GoldTether Gold(XAUT)$1,887.510.05%
  • cETHcETH(CETH)$32.19-0.44%
  • enjincoinEnjin Coin(ENJ)$0.451125-7.21%