- OPNX will close its platform in February 2024.
- Users have until February 14 to withdraw funds. Then there will be no such opportunity.
- The management did not explain their decision in any way.
The OPNX exchange, created by the co-founders of the 3AC fund, announced its closure. Users have until February 14, 2024 to withdraw money from the platform.
According to the company’s appeal to clients, positions on the exchange will be forcibly closed after 08:00 UTC (10:00 Kyiv time) on February 7, 2024. You must withdraw funds before February 14; after this date, this will not be possible.
The letter does not indicate the reasons for this management decision. However, it is worth noting that since its launch the platform has faced a number of difficulties, including regulatory ones.
OPNX entered the market in early April 2023. The project has caused criticism in the community, since the co-founders of the bankrupt fund Three Arrows Capital (3AC) are behind its creation.
In the first day after the launch, according to some data, the trading volume on the platform ranged from $1 to $13. Later, when the exchange revealed the names of investors, some of them publicly denied any connection with the company.
In addition, the Dubai regulator accused the platform of operating without a license. She was fined and later threatened with legal action if she did not leave the market.