Zipmex Announces It Has Found a Potential Buyer

25.07.2022 11:32
by Sviatoslav Pinchuk
1 min read

A few days ago, we reported that Zipmex, a Singapore-based crypto exchange, has joined the long line of crypto companies that have halted withdrawals on their platforms. Now, the exchange has announced that it has found a probable buyer that could save the company.

The terms of the deal were offered to Zipmex through an MOU (memorandum of understanding agreement). This is a non-binding offer that’s commonly a starting point in business negotiations. However, the name of the buyer and the details of the arrangement are still unknown.

Zipmex was already in talks with Coinbase in March. The popular crypto exchange was initially looking to acquire Zipmex, but decided on providing an undisclosed investment instead.

The announcement of the likely acquisition is another piece of good news related to Zipmex, after the company has again allowed user withdrawals for its Trade Wallet. However, the Z wallet, which provides users with rewards based on the amount of deposited funds, is still not available for withdrawals.

Author

  • Man who simply bought some BTC for domestic needs in 2014 and then forgot about it till 2017. The dude who got Etherium in 2017 by misclick and sold it in 2018 "just to try". Lost 1 Florida house in XEM in 2018, Sviatoslav finally decided to trade reasonably and now he is one of the most analytical and data-driven trader in Crypto Industry. Has Bachelor Degree of Chinese Interpreter and deep practical experience in competitive niches SEO.

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