BitStamp Closes Trading of Two Major Cryptocurrencies

Arman Shirinyan

One of the largest exchanges in the industry closes operations with two major strengths

One of the oldest cryptocurrency exchanges in the entire space has announced a halt to trading operations for FTT and CEL cryptocurrencies. According to the official announcement, users must complete all their transactions before the announced deadline.

The Luxembourg exchange said in its official Twitter post that it informed all users who hold any of these tokens and encouraged them to view their portfolios in their dashboard or use the official Bitstamp app.

If a trader or investor holds FTT or CEL until the deadline, the tokens will not disappear from the platform. Despite the halt in trading operations, Bitstamp will allow users to safely withdraw these assets from the exchange.

Users will also not be able to deposit CEL tokens, while FTT token deposits will be available. However, after November 22, 13:00 UTC, all trading operations with any of these assets will be disabled, so you will not be able to sell them for Bitcoin or any other digital asset. The trading history of both assets will remain intact in users’ personal accounts.