Virtual asset trading platform JPEX has released a special announcement stating that due to unfair treatment by relevant institutions in the Hong Kong region and a series of negative news, the third-party market makers cooperating with the platform have temporarily locked funds and requested that the platform provide more information for negotiation, limiting the platform's liquidity and increasing its daily operating costs, resulting in operational difficulties. Therefore, JPEX is currently negotiating with third-party market makers to solve the problem of insufficient liquidity, and relevant details will be announced after the negotiation is completed.
Due to the restriction of platform liquidity by third-party market makers, and in compliance with policy guidelines, JPEX has removed all trading on the financial management page as of Beijing time on September 18, and users can no longer place any new financial management orders. Existing financial management orders in progress will be maintained until the end of the product to receive profits.
JPEX stated that it will quickly recover liquidity from third-party market makers and gradually adjust the withdrawal fee to normal levels. During this period, the withdrawal team responsible for emergency withdrawal requests will continue to process priority withdrawal orders.
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