Zipmex to Ease Some Bitcoin, Ether Withdrawals After Altcoins

Fibo Quantum

Asia crypto exchange Zipmex Pte will allow users to partially withdraw Bitcoin and Ether from their trading accounts starting later this week, providing some relief to those caught by the recent meltdown in the digital asset market.  

Zipmex, which halted withdrawals in July due to a liquidity crunch after its exposure to troubled Babel Finance went bad, will let users withdraw part of their Ether from August 11 and Bitcoin from August 16 from Zipmex’s Z Wallet, according to the company’s spokesperson. This means around 60% of users will get some of their tokens back, the spokesperson said.

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