The tZERO Crypto trading platform plans to shuts down on March 6; the company will focus on “regulated securities” going forward.
), and other cryptocurrencies. But, in this recent announcement on Feb. 3, the company confirmed it would wind down this exchange on March 6.
In the announcement, tZERO implied that unregulated crypto exchanges are on their way into obsolescence, stating: “We believe that many digital assets would be treated as securities and trade in a regulated ecosystem.” The announcement explained further: “While the regulatory environment around crypto assets is clarified by the SEC and other regulators , we will continue to focus on our unique regulated securities business, which we believe will be the venue where most digital asset securities will trade.”The company said that the shutdown was set for March 6 to allow for an “orderly withdrawal of assets by the customers, which continue to be held by the custodian.
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