ChainRift is closing down its exchange operation & pivoting to a software development company

Feb 13, 2020 · 2 min read

Over the past two years, we built, launched and operated ChainRift in an increasingly complex and competitive environment. Our team is composed of software developers, UX designers, and technologists. We have tried to bridge the gap that exists in our team on business development by onboarding partners, but despite our best efforts, we haven’t managed to secure partnerships that would propel ChainRift to profitability.

In light of this, we are spinning out our software development team from ChainRift into a new company focused on building software services only. The spinout will free us to focus on our strengths, which is to build software with a beautiful interface and intuitive user experience.

Beginning today, new users will no longer be able to create accounts on ChainRift. Effective February 14, 2020, trading will be disabled on all our markets. Only the withdrawal function will remain available.

Our users will have the ability to continue processing the withdrawal of their coins until at least February 28, 2020.

Going forward, we will continue to build software services for exchange operators and license our software to entrepreneurs looking to operate exchanges in their jurisdictions.

Over the last few years, we lived and breathed cryptocurrencies, and we continue to remain excited about the new opportunities cryptocurrencies bring to the world. We are proud to build an amazing community of ChainRift users on a small budget.

We are excited to move forward and grow as a software development company, and we sincerely hope we can continue the relationship we built with our customers, partners, and fans.

Much love,
ChainRift Team


A marketplace for digital currencies

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store