hotbit exchange news | BTCC Knowledge

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Why did Hotbit end centralized exchange operations?

The transformation of value in the digital age. Cryptocurrency trading platform Hotbit said it ended all centralized exchange (CEX) operations, citing deteriorating operating conditions and changes in the broader crypto landscape. Users have until 04:00 UTC on June 21 to withdraw their assets from the platform, Hotbit said Monday.

Is Hotbit a legit crypto exchange?

Hotbit is a legit crypto exchange, having several million users across various countries. According to Coinmarketcap, it has become one of the biggest and fastest-growing exchanges around the world in terms of daily trading volume. Hotbit offers an internal review audit team that offers a 24×7 online audit service in real-time for users’ assets.

Does Hotbit offer a mobile trading app?

According to Hotbit reviews, Hotbit trading exchange offers a mobile trading app that users can download from the website; it supports Android and iOS devices. Traders can make use of it to check and monitor open positions on the market. Hotbit exchange is committed to providing high-quality features, security, and services.

Why did Hotbit shut down?

Cryptocurrency trading platform Hotbit has shut down all services for at least a week after a cyberattack that down several of its services on Thursday evening. Hotbit assured its roughly 2 million registered users from over 210 countries (500,000 of them using the platform's Android app) that their cryptocurrency assets were "safe and secure."