EXMO crypto exchange had earlier planned to conduct its ICO in order to raise funds for its project. However, the team has put the TGE on hold for now as they feel there may be unexpected changes in the legal framework, which could lead to high risk for investors.
At EXMO, customer safety is their utmost priority as such; they decided to suspend the ICO.

Co-founder of EXMO, Ivan Petukhovsky reiterated that:

“A stable positive dynamics of all financial indicators of the platform and the incredible user’s number increase (currently, we have more than 1.5 million traders, and there are more than 10,000 people that register on EXMO every day) allows us to fully supply our product business plan.”

The funds EXMO previously generated from its Crowdsale were meant to cater to the introduction of margin loans, obtaining licenses and the creation of an insurance fund for margin loans.

The addition of margin loans to the platform would have made it possible for users to earn more on crypto price movements via a credit of additional funds.

EXMO is a leading crypto exchange in Eastern Europe. The firm has offices in London, Kiev, and Moscow. Currently, the platform has more than 1.5 million users, 50K active traders, 53 trading pairs, 5 fiat currencies and $50 million trading volume.

For more information visit https://exmo.com/
Facebook: https://www.facebook.com/exmo.market
Twitter: https://twitter.com/Exmo_com
Telegram: https://t.me/exmo_official
Referral Program: https://exmo.com/en/referal_program
Email: [email protected]

The post EXMO Cryptocurrency Trading Platform Cancels ICO Plans appeared first on ZyCrypto.

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