Otra empresa de préstamos con criptomonedas está ajustando sus políticas de retiros en medio de la turbulencia de precios en el mercado.
- CoinLoan limited withdrawals to USD $5,000 per day.
- The platform a place to buy, sell and store cryptocurrency said it had experienced many withdrawals recently.
- More crypto companies face difficulties due to falling prices.
CoinLoan a centralized a centralized organizational structure is one in which a single node or a small number of them are in control of an entire network. cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. lending service, is limiting withdrawal amounts due to the bearish market an area or arena, online or offline, in which commercial dealings are conducted. outlook.
In a aviso on Monday, the platform informed all its clients that it has restricted withdrawals to a maximum daily limit of USD $5,000, effective immediately. According toCryptoBriefingThe figure represents a 99% decrease from its previous withdrawal limit of $500,000 per day.
The European company assured in the press release that it had no exposure to the ecosystem of Earth and no connection to the beleaguered hedge fund.Three Arrows Capital capital is most commonly defined as the large sum of money you would use to invest.so that “ was not affected “It admitted, however, that the recent market turmoil has led to an increase in withdrawals which has prevented it from operating normally. However, he admitted that the recent market turmoil has led to an increase in withdrawals which has prevented him from operating normally.
Although he did not provide exact figures, CoinLoan said it was limiting withdrawals due to increasing outflows of money. the platform has registered. The company called the new withdrawal limit a “ caution “to ensure a balanced flow of funds and to avoid “ liquidity-related disruptions “. He also assured that the measure will be temporary, although he did not set a timetable.
Growing list of struggling crypto companies
The Estonian-based platform said in the statement that the current level of liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. was sufficient to meet all customer needs, although it acknowledged that stopping all withdrawals would have been “ most suitable “from a commercial perspective.
Founded in 2017, CoinLoan is described as one of the oldest “CeFi” (centralized finance) platforms in crypto space. According toCryptoBriefingCurrently, the company offers an APY of 12.3% in stablecoins and fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currencies, specifically the pound sterling and the euro, and up to 7.2 % in Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and a dozen other well-known cryptocurrencies.
CoinLoan is now the latest to join the list of cryptocurrency platforms facing financial difficulties amid the market price slowdown. Crypto lenders such as Celsius , BlockFi y Vauld have been struggling with liquidity issues following the prolonged downturn in the cryptocurrency market and the collapse of the multi-billion dollar crypto fund Three Arrows Capital .
Esas plataformas también han asumido medidas similares para limitar los retiros. Mientras tanto, como recuerda CryptoBriefing, cryptocurrency exchange Travel also announced this week that it was freezing withdrawals on its platform even after securing a $600 million loan from the company’s Alameda Research .
Not all of them are in trouble. Cryptocurrency lender Nexo which offered to acquire Celsius and now plans to buy from Vauld said Tuesday that he is “ in a position to assist industry participants in distress “. Billionaire Sam Bankman-Fried’s FTX exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. has also been willing to bail out companies in insolvency trouble. Last week the company closed aacuerdo para adquirir la plataforma BlockFi .
- Vauld: another cryptocurrency lending platform halts withdrawals amid price drop
- Celsius Network a network refers to all nodes in the operation of a blockchain at any given moment in time. pays another $120 million to mitigate debt to MakerDAO
- Crypto lending platform Babel Finance suspends withdrawals due to “unusual liquidity pressures”
Article by Hannah Estefania Perez / DiarioBitcoin
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