Cryptocurrency exchange Hotbit announces its closure

Cryptocurrency exchange Hotbit announces its closure Cryptocurrency exchange Hotbit announced on the termination of its activities from May 22, 2023. The exchange has asked its users to withdraw all their funds by June 21, 2023. The reason for this decision was the deterioration of working conditions, changing trends in the industry and repeated cyber attacks. Hotbit was launched in 2018 and offered trading in various cryptocurrencies, including Bitcoin, Ethereum, Dogecoin and others. The exchange also supported margin trading, decentralized finance (DeFi), and staking features. According to CoinMarketCap, Hotbit was ranked 17th in terms of trading volume among all cryptocurrency exchanges