Crypto.com-Backed ZKX Protocol to Shutdown Amid Economic Challenges

Quick Summary:

Founded in 2021, ZKX aimed to create a scalable decentralized exchange for perpetual trading.

Users can transfer their funds from their trading accounts to their self-custodial accounts on Starknet.

Effective immediately, all markets on ZKX have been delisted, and positions closed with funds returned to users’ trading accounts.

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Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets: Estonia

Topics: ZKX Protocol StarkNet DeFi DeFi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 05:13:49 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 21867545

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 1 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 1 days ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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