Hong Kongbased cryptocurrency exchange AAX, is preparing to liquidate all futures so that it can restart its services.
Popular cryptocurrency exchange FTX has put the crypto industry in a tumultuous period. Millions of dollars in losses of corporate companies and liquidity problems of other exchanges emerged. Also, in the middle of such a process, there was an FTX hacking attack. In a time when billions of dollars have evaporated, stock markets are looking for ways to survive. One of these exchanges AAX had stopped its services, citing processes. However, the exchange stated that it is planning to continue its services again.
Crypto Exchange AAX Wants To Restart Its Services
Crypto exchange undergoing a troublesome process AAX, is trying to raise enough capital to start its services again.
Hong Kong’s popular digital exchange AAX , reported that it spent overtime to protect user rights and interests. For this reason, the exchange will automatically liquidate all futures positions on its platform during the system maintenance period.
As a result of these liquidations, the stock market is expected to experience a recovery in liquidity. However, AAXIt is not yet known how the rescue efforts will continue.
