Crypto Exchange CoinFlex Set to Allow Limited Withdrawals

Crypto Exchange CoinFlex Set to Allow Limited Withdrawals

CoinFlex will allow users to take out a limited portion of their balances after pausing withdrawals last month due to a counterparty failing to make a margin call.

The crypto exchange said it will cancel pending withdrawals at 1am ET on July 15 and then close down trading on the platform, according to a July 14 blog post. Following the shutdown, users will be able to withdraw up to 10% of their balances, while the remainder will be blocked, it said.

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