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Why Do Cryptocurrency Exchanges Run Away (Cryptocurrency Exchange Platforms Running Away)

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Why do cryptocurrency exchanges run away? Why do cryptocurrency exchanges run aw

Why Do Cryptocurrency Exchanges Run Away (Cryptocurrency Exchange Platforms Running Away)

Why do cryptocurrency exchanges run away? Why do cryptocurrency exchanges run away? What exactly is the reason behind cryptocurrency exchanges running away in traditional financial markets? They are considered unsafe and unreliable, and even face the problem of running away. Let’s first take a look at the main reasons why cryptocurrency exchanges run away: Firstly, they develop a new technology that causes others to be unable to proceed with their transactions due to technical reasons, thus leading to the situation of running away; Secondly, they establish a project together with their operations team and founders to manipulate prices, etc., in order to prevent such situations; Thirdly, in terms of user funds, because the security mechanism of the exchange itself is not sufficient, many investors have no need to participate, thus can only choose to wait and see.

Cryptocurrency Exchange Platform Running Away

The cryptocurrency exchange platform, OKCoin, has run away. Currently, the project has been closed and investors are unable to withdraw their funds. It is understood that the platform was established on December 29, 2017 and was widely recognized in China as the “first stock of blockchain financial applications.” It was one of the earliest electronic trading venues to support cryptocurrency payments. At the end of 2017, OK Group founder Xu Mingxing announced his departure from the company’s board of directors and resigned. Later, Li Xiaolai, Sun Yuchen, and others joined OKGroup and held positions such as co-CEO and COO. After their departure, team members fled overseas for business expansion. (Phoenix Network)

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