On January 28th 2019 I received a relatively abrupt email from Liqui.io which simply stated that the exchange would be halting all proceedings due to to a lack of liquidity on their exchange. I know, ironic, right?
Simply put, this means that anybody with funds in the Liqui.io cryptocurrency exchange will be required to withdraw the, before the cut off date which is February 27th 2019.
Anybody who allows their accounts to run over the specified date risk’s losing their funds altogether. The email from Liqui.io did state that, after the above mentioned date, users will be required to contact support at liqui.freshdesk.com.
The notification sent by Liqui.io does go on to offer a slim chance of hope that they will be returning in the future, citing the change in the cryptocurrency industry since 2017 as a significant factor in their decision.
While the nullified exchange has claimed they may return, I personally suspect that this is it for them as, even if they do try to return with the crypto bulls, their position will be absorbed by one of the many other fully functioning cryptocurrency exchanges.
Read the full announcement below.
Recently, we were happy to announce the change in our policies. We gave you the right to decide whether you want to be with us in our Crypto Exchange journey by accepting the changes.
Much to our regret, after this step Liqui is no longer able to provide liquidity for the Users left. We also do not see any economic point in providing you with our services.
However, we do not want to return to where we were a month ago. Hence, we decided to close all accounts and stop providing our services. It broke our hearts to do that.
You will be able to withdraw your Digital Assets through our website within 30 days after this message was sent. If you did not withdraw delisted Digital Assets since we announced changes in our policies, you will also have another 30 days from the date this message is sent.
We may be back soon. However, that depends on the market which has significantly changed since 2017.
We do not know what else to say but say thank you for supporting the cryptocurrency community and your faith in us.
We want to finish this message by the phrase of Marianne Williamson – “Every ending is a new beginning. Through the grace of God, we can always start again.”
Your Liqui Team”