Economic Infeasibility: the Reason behind Closure of Coinexchange.io

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CoinExchange.io, an Australian cryptocurrency exchange, which was launched in 2016 has closed its all kinds of services. The company is backed by 500 Altcoins. It saw a daily trade volume of about $700,000 and has also featured at 100th rank on the CoinMarketCap’s exchange rankings. However, the platform gave its reason for closing as: Unfortunately …

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