Japanese cryptocurrency exchange FXcoin announced on October 1 that it will dissolve services related to cryptocurrencies for individuals. The company will shut down both physical transactions and crypto-asset lending services.
The company said that it will now onwards specialize in corporate sales and for personal services, FXcoin’s major shareholder, SBI’s exchange TaoTao, will be in charge.
In the company’s press release, FXCoin informed that from October 6, the company will stop accepting crypto-asset purchase transactions, XRP-based transactions, fiat currency deposits, crypto-asset warehousing, and opening new accounts. For corporations, it will stop accepting new account openings.
Afterward, crypto-asset sales, withdrawal of legal currency, and withdrawal of crypto assets will shut down from December 1, and log-in to the trading system will be stopped on December 22.