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Seeking Alpha 2022-08-02 17:06:25

Crypto exchange Zipmex to let users withdraw solana, cardano, ripple coins

After it froze customer withdraws in July due to turbulent market conditions, cryptocurrency exchange Zipmex said Tuesday that it will allow its users to withdraw a few tokens in the coming days.Those cryptos include solana (SOL-USD) +0.6%, cardano (ADA-USD) -1.2% and ripple (XRP-USD) +0.3%, all of which are trading near breakeven levels over the past 24 hours, according to a blog post.Specifically, users will be able to transfer solana (SOL-USD) tokens to their Trade Wallets from their Z Wallets starting on August 2. The same goes for ripple (XRP-USD) and cardano (ADA-USD) on August 4 and August 9, respectively."We realize many users will still have some BTC, ETH, and stable coins remaining in Z Wallet," Zipmex said. "We are working to ensure that we are in full compliance as we start to release some of these tokens into your Trade Wallet starting in the middle of August."Towards the end of July, Zipmex filed for bankruptcy protection.

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