{"id":8288,"date":"2023-12-16T12:08:12","date_gmt":"2023-12-16T12:08:12","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8288"},"modified":"2023-12-16T12:08:12","modified_gmt":"2023-12-16T12:08:12","slug":"qredo-s-crypto-exchange-ankex-closes-in-bear-market","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/qredo-s-crypto-exchange-ankex-closes-in-bear-market\/","title":{"rendered":"Ankex (Qredo&#8217;s Crypto Exchange) Closing in Bear Market!"},"content":{"rendered":"<p>The cryptocurrency exchange Ankex has decided to close, according to an announcement by Qredo. It was put into operation last year under the leadership of former Genesis Trading CEO Michael Moro. While managing Ankex, Moro aimed to bring together professional traders with unsupervised and decentralized finance (DeFi) elements.<\/p>\n<blockquote><p>You might like: <a href=\"https:\/\/coinengineer.net\/blog\/new-campaign-for-bonk-from-binance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><em><strong>New Campaign for BONK from Binance<\/strong><\/em><\/span><\/a><\/p><\/blockquote>\n<p>However, due to bear market conditions, the company decided to halt operations. <strong>Qredo<\/strong> in its message to the community said that &#8220;development of Ankex was paused&#8221; and described the decision made at the preparation stage for the public beta launch as a sad development.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8290 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Ankex.png\" alt=\"Ankex\" width=\"696\" height=\"244\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Ankex.png 696w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Ankex-300x105.png 300w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>With increasing competition in crypto exchanges, customers have increased their demands for asset protection. However, the bankruptcy of FTX last year and the uncertainties that came with it caused Ankex to go through a difficult period and close. This situation once again reveals the importance of adapting to rapid changes in the cryptocurrency sector and dealing with risks.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Ankex has decided to close, according to an announcement by Qredo. It was put into operation last year under the leadership of former Genesis Trading CEO Michael Moro. While managing Ankex, Moro aimed to bring together professional traders with unsupervised and decentralized finance (DeFi) elements. You might like: New Campaign for BONK<\/p>\n","protected":false},"author":1,"featured_media":8287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[3008,93,496,3010,3009],"class_list":["post-8288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-ankex","tag-defi","tag-ftx","tag-michael-moro","tag-qredo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ankex (Qredo&#039;s Crypto Exchange) Closing in Bear Market! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ankex has decided to close. It was put into operation last year under the leadership of former Genesis Trading CEO Michael Moro.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/qredo-s-crypto-exchange-ankex-closes-in-bear-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ankex (Qredo&#039;s Crypto Exchange) Closing in Bear Market! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Ankex has decided to close. 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