Fairdesk, a Singapore-based cryptocurrency exchange founded in 2021, has announced its closure on November 30.
The decision was made amid changes in the market environment and regulatory requirements, as reported in the company’s press release.
Starting from October 17, all trading operations on Fairdesk will be halted, with only fund withdrawals available, which will be possible until the final closing date. Users are advised to withdraw their assets by November 30.
Fairdesk was known as a derivatives trading platform, offering users the ability to open long and short positions on digital assets with leverage up to 125x.
