Blockchain

Zipmex Unblocks Withdrawals Of 3 Altcoins SOL, XRP and ADA

The bankrupt Singapore-based Zipmex exchange has announced a schedule allowing users to withdraw 100% of 3 Altcoins SOL, XRP and ADA from ZWallets to their trading wallets after announcing withdrawals before.

Zipmex reopens withdrawals

Zipmex announced that it is unblocking withdrawals of Ripple (XRP), Solana (SOL) and Cardano (ADA) from Z Wallet. Thus, users can transfer their assets to their exchange wallet. Bitcoin and Ethereum are not yet on the list.

On August 2nd, 100% of SOL tokens were unlocked. 100% XRP will not be frozen on August 4, 2022, while ADA tokens will be fully unlocked on August 9, 2022. Stablecoins will remain inaccessible.

Zipmex acknowledged that the decision to only unlock certain assets was a “small consolation“, but it was a “step in the right direction“.

However, withdrawals from Zipmex’s profit-based program “ZipUp+” are still suspended. The exchange has not provided a specific date for the withdrawals of market-leading assets such as Bitcoin, Ethereum or stablecoins, but is expected to note that such operations could resume into mid-August.

Zipmex abruptly froze all withdrawals on July 20, citing “volatile market conditions and the resulting financial hardship of our main business partners – Babel Finance and Celsius. ” Two days later, the company filed an application for an adjournment in a Singapore court.

Despite suffering a dire fate at the hands of a crypto winter, Zipmex is trying to keep its promise to allow users to withdraw their funds in a timely manner.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

Victor

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

53 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

3 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

4 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.