Renowned encryption exchange restructuring: ceasing operations in the US, investing $100 million to expand into international markets.

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Recently, a well-known Crypto Assets exchange announced a major restructuring. The exchange will be spun off from its parent company and will be operated by a new company based in Asia in the future. This news has attracted widespread attention in the industry.

According to industry insiders, the investor behind this new Asian operator is a highly influential entrepreneur in the blockchain industry. This entrepreneur has had a good personal relationship with the founder of the exchange's original parent company and even invited him to dinner with the famous investor Warren Buffett.

Looking back at history, the exchange was acquired at a high price of $400 million in early 2018. At that time, the deal was led by a well-known venture capital firm. However, due to the influence of U.S. regulatory policies, the exchange's trading volume and market share plummeted from a peak of 58%. Currently, its daily trading volume is only about $20 million, ranking it over 80th globally. In May of this year, the exchange has begun to restrict U.S. users from trading certain Crypto Assets.

With this change in ownership, the exchange announced it will readjust its market strategy. Starting from November 1, it will cease services for U.S. users and focus on expanding into international markets. To attract more users and enhance competitiveness, the exchange plans to invest $100 million in business expansion. As part of its promotional strategy, from October 21 until the end of the year, the platform will significantly reduce trading fees and even offer zero-fee spot trading services.

This series of changes reflects the challenges and opportunities faced by the Crypto Assets exchange industry. As the global regulatory environment continues to evolve, many trading platforms are actively adjusting their strategies to adapt to the new market landscape. Whether this restructuring can help the exchange return to its peak remains to be seen by the market.

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ServantOfSatoshivip
· 13h ago
These reorganizations are useless.
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WalletWhisperervip
· 08-15 15:06
Again, it's the drama of a family splitting up and doing a Rug Pull.
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ForumLurkervip
· 08-15 15:05
The industry suckers are too skilled at playing people for suckers.
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TokenVelocityTraumavip
· 08-15 15:04
falling endlessly but still want to make a comeback? I'm out, I'm out.
View OriginalReply0
BridgeJumpervip
· 08-15 15:04
Can a change of boss survive? The entire management team has changed.
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TokenomicsTherapistvip
· 08-15 14:44
Again coming to play people for suckers.
View OriginalReply0
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