Cryptocurrency exchanges

Crypto exchange Nuri files for insolvency in Germany


Reuters Tuesday August 09, 2022 11:49

FRANKFURT, Aug 9 (Reuters) – The crypto exchange Nuri GmbH has filed for insolvency with a Berlin court, the company said in a statement on Tuesday, the latest in a string of failures to hit the sector.

The company, founded in 2015, said the sell-off in the cryptocurrency market, the bankruptcy of the Celsius network, and uncertainty in financial markets forced it to take the step. read more

It said customers would still have access to their deposits.

Handelsblatt first reported the development.

Reporting by Marta Orosz; writing by Tom Sims; Editing by Christph Steitz and David Evans

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Handelsblatt first reported the development.


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