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ARS 1,065.00 (+0.53%) -
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ETH 3,120.60 (-1.05%) -
SOL 136.05 (-5.86%) -
PEPE <0.01 (-5.99%) -
WIF 2.67 (-11.39%) -
XRP 0.52 (-3.00%) -
COS 0.02 (+13.18%) -
BONK <0.01 (-8.71%) -
DOGE 0.15 (-3.53%) -
NEAR 7.18 (-2.91%) -
ENA 0.81 (-4.03%) -
BOME <0.01 (-11.57%) -
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Three Arrows co founders OPNX exchange is shutting down
Published: 2024-02-02
1. Closure of OpnX Exchange (90 words) OpnX Exchange,a cryptocurrency exchange launched by the investment firm Three Arrows Capital,has announced its decision to shut down operations as of February. The exchange cited the challenging regulatory environment as the primary reason behind the closure. This news comes as a surprise to the crypto community,as Three Arrows Capital is known for its strong presence and investments in the industry. OpnX Exchange had gained some popularity for its user-friendly interface and low fees. Users are advised to withdraw their funds before the shutdown date to ensure the safety of their assets.
2. Regulatory Challenges in the Cryptocurrency Market (100 words) The closure of OpnX Exchange brings attention to the ongoing regulatory obstacles faced by cryptocurrency exchanges. These challenges include anti-money laundering (AML) and know-your-customer (KYC) requirements imposed by regulatory authorities. Many exchanges struggle to comply with these regulations,leading to either closure or limitations on user access. Governments around the world have been increasing their efforts to create a framework that balances consumer protection and innovation in the cryptocurrency market. The closure of OpnX Exchange serves as a reminder of the importance for exchanges to establish robust compliance measures to ensure long-term sustainability.
3. Impact on Three Arrows Capital's Future Investments (60 words) Three Arrows Capital's decision to shut down its cryptocurrency exchange raises questions about its future investment strategies. The closure suggests a shift in focus or potential reallocation of resources by the investment firm. Three Arrows Capital has been actively involved in the crypto industry,making significant investments in both cryptocurrencies and blockchain projects. The decision to close OpnX Exchange may indicate a reevaluation of the firm's priorities or a redirection of its investments into other areas of the crypto ecosystem.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,065.00 | 2,050,481,376.50 |
| 2 | BTC |
62,950.00 | 1,829,918,824.38 |
| 3 | ETH |
3,120.60 | 857,736,696.59 |
| 4 | SOL |
136.05 | 569,673,834.63 |
| 5 | PEPE |
<0.01 | 308,388,873.82 |
| 6 | WIF |
2.67 | 188,736,939.56 |
| 7 | XRP |
0.52 | 173,830,820.18 |
| 8 | COS |
0.02 | 160,097,928.36 |
| 9 | BONK |
<0.01 | 148,606,777.66 |
| 10 | DOGE |
0.15 | 147,055,414.04 |
| 11 | NEAR |
7.18 | 142,725,954.07 |
| 12 | ENA |
0.81 | 132,232,073.11 |
| 13 | BOME |
<0.01 | 93,876,738.99 |
| 14 | RUNE |
5.03 | 89,394,053.41 |
| 15 | LTC |
87.03 | 89,382,446.40 |
| 16 | FLOKI |
<0.01 | 67,002,952.11 |
| 17 | AVAX |
34.15 | 64,320,260.32 |
| 18 | WLD |
4.69 | 60,821,407.05 |
| 19 | HBAR |
0.11 | 55,377,749.81 |
| 20 | TRX |
0.12 | 51,271,033.64 |
| 21 | LINK |
14.26 | 45,866,373.75 |
| 22 | FTM |
0.70 | 45,337,511.68 |
| 23 | ADA |
0.46 | 45,202,687.69 |
| 24 | RNDR |
7.91 | 43,056,581.12 |
| 25 | FIL |
5.82 | 42,702,546.84 |
| 26 | SEI |
0.56 | 42,057,492.30 |
| 27 | MATIC |
0.70 | 41,526,812.62 |
| 28 | ETC |
26.70 | 40,427,795.55 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  GLM |
0.50 | +28.31 |
| 2 |  BNX |
1.00 | +16.18 |
| 3 | COS |
0.02 | +13.18 |
| 4 |  LOOM |
0.10 | +12.90 |
| 5 |  ELF |
0.65 | +12.68 |
| 6 |  POWR |
0.32 | +8.57 |
| 7 |  HIGH |
3.74 | +5.21 |
| 8 |  REI |
0.09 | +5.00 |
| 9 |  SSV |
45.68 | +3.58 |
| 10 |  CVC |
0.17 | +2.71 |
| 11 |  GAS |
5.51 | +2.65 |
| 12 |  DYM |
3.64 | +2.57 |
| 13 |  IQ |
<0.01 | +2.29 |
| 14 | TRX |
0.12 | +2.05 |
| 15 |  AERGO |
0.13 | +1.98 |
| 16 |  ATM |
3.17 | +1.90 |
| 17 | LTC |
87.03 | +1.71 |
| 18 |  SUN |
0.02 | +1.66 |
| 19 |  EOS |
0.83 | +1.46 |
| 20 |  SANTOS |
6.58 | +1.08 |
| 21 |  STORJ |
0.55 | +1.07 |
| 22 |  PSG |
5.25 | +0.96 |
| 23 |  WIN |
<0.01 | +0.79 |
| 24 | BTTC | <0.01 | +0.76 |
| 25 |  ARDR |
0.11 | +0.47 |
| 26 |  PUNDIX |
0.66 | +0.47 |
| 27 |  NEO |
17.68 | +0.40 |
| 28 |  PAXG |
2,334.00 | +0.39 |
| 29 |  ARK |
0.81 | +0.35 |
| 30 |  USDP |
1.00 | +0.28 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  TFUEL |
0.11 | -14.20 |
| 2 |  LSK |
1.63 | -11.95 |
| 3 | BOME |
<0.01 | -11.57 |
| 4 | WIF |
2.67 | -11.39 |
| 5 |  ATA |
0.20 | -11.39 |
| 6 | W | 0.56 | -10.35 |
| 7 | HBAR |
0.11 | -8.71 |
| 8 | BONK |
<0.01 | -8.71 |
| 9 |  AR |
31.67 | -8.50 |
| 10 |  LUNC |
<0.01 | -8.20 |
| 11 | RUNE |
5.03 | -8.09 |
| 12 | RONIN | 2.74 | -7.94 |
| 13 | SEI |
0.56 | -7.86 |
| 14 |  PROS |
0.37 | -7.74 |
| 15 |  VOXEL |
0.25 | -7.74 |
| 16 | RNDR |
7.91 | -7.71 |
| 17 |  HARD |
0.19 | -7.39 |
| 18 |  OMNI |
19.33 | -7.38 |
| 19 |  NULS |
0.66 | -6.95 |
| 20 |  TAO |
421.40 | -6.89 |
| 21 | FLOKI |
<0.01 | -6.81 |
| 22 |  ALGO |
0.20 | -6.79 |
| 23 | FTM |
0.70 | -6.71 |
| 24 |  FUN |
<0.01 | -6.70 |
| 25 |  MBOX |
0.34 | -6.69 |
| 26 |  VANRY |
0.16 | -6.65 |
| 27 |  PENDLE |
5.40 | -6.64 |
| 28 |  SYS |
0.22 | -6.62 |
| 29 |  QI |
0.02 | -6.60 |
| 30 |  DCR |
20.73 | -6.58 |
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