Bitstamp broadcasts halting buying and selling of FTT and CEL as from November 22, 2022, at 12:00 PM UTC. The trade is ready to disable new orders and cancel present orders for all FTT and CEL buying and selling pairs. It introduced on Friday through its Twitter web page earlier as we speak.
In an FAQ published on its website, it requested, What do you imply by buying and selling halt?
“It means we’re disabling new orders and cancelling present orders for all FTT and CEL pairs. Withdrawals will stay enabled after the deadline”.
The Luxembourg-based trade said in its official Twitter post that it had notified each person who holds both of these tokens and inspired them to verify their portfolios of their dashboard or use the official Bitstamp app.
Withdrawals of FTT and CEL will stay enabled on Bitstamp after the deadline, however promoting will likely be disabled on November 22 at 7 am EST. If you wish to promote FTT/CEL on Bitstamp, you’ll must do it earlier than the deadline, Bitstamp mentioned.
The transfer comes after many different exchanges within the crypto world have already began prohibiting customers from buying and selling FTT: Binance eliminated the FTT/BTC, FTT/BNB, FTT/ETH, and FTT/USDT buying and selling pairs from its platform earlier this week, whereas BitMex de-listed perpetual swap contracts linked to FTT (FTT/USD and FTT/USDT) on the finish of final week.
Earlier than the corporate’s high-profile chapter final week, FTX supplied shoppers tiny commerce reductions in trade for holding FTT, the corporate’s proprietary trade token.
Celsius falls from grace
The CEL token misplaced its sensible utility when Celsius ceased operations in June as a consequence of its chapter and contentious ongoing authorized procedures. Nonetheless, this hasn’t stopped merchants from attempting their luck with buying and selling the token.
Information from CoinGecko exhibits that CEL reached a post-collapse excessive of $3.86 after first ceasing withdrawals on June 12 and dropping to a low of $0.28.The liquidity disaster and poor fund administration have been two important causes behind the corporate’s implosion. The chapter submitting of Celsius stated that the corporate should cowl a $1.2 billion gap in its steadiness sheet whereas having solely $167 million in money.