HitBTC has suspended BTX Trading and Deposits πŸ“Œ

BITCORE
2 min readOct 18, 2021

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Hello, BitCoreans πŸ‘‹πŸ»

As you know, since we found out a few weeks ago that there was a suspension on BTX deposit and trading on BTC and USDT pairs, we immediately contacted HitBTC, when they replied they informed us that they had decided to suspend BTX due to the very low market volume on BTX/USDT and BTX/BTC pairs.

In the numerous conversations we managed to have with HitBTC representatives, they demanded that we maintain market volume on both pairs.

A few days after this request, HitBTC representatives informed us that in addition to the fact that we must maintain the market volume they demand from us, we must perform a HitBTC KYC for the companies.

We continue to participate to them that BitCore BTX is not a private company, it is an open-source project, so the KYC request that HitBTC demands to us is unfeasible, since they ask us for legal documentation of company incorporation, signed, registered and endorsed.

CONCLUSIONS πŸŒ•

We want to thank HitBTC, for all those years of good trading that they gave us and tell them that we are very sorry for the decisions that HitBTC took unilaterally, we are also very sorry for the inconvenience caused to our community, but we will continue working and developing the project.

😢 Please remember that although we no longer have two pairs, we have opened a new economy for BitCore with our sBTX token on the PancakeSwap 🐰 platform, where you can buy and sell the sBTX token in a decentralized way.

BitCore Team 😢

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BITCORE

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