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Bybadex to close unit in Uganda

Kiev, Ukraine - September 22, 2017: Studio shot of Golden Bitcoins Coins and dollar bills. The Bitcoin was invented by Satoshi Nakamoto in 2008 as a digital form of money"nThis is a close up photo of several gold plated bitcoins together symbolizing the bit coin market, modern technology, finance, internet, trading, etc. "nBitcoin introduced in 2009 cross-national payment system in the form of virtual money, to be used in the cryptographic techniques (cryptocurrency).

Bybadex to close unit in Uganda

Cryptocurrency exchange bybadex.xyz has announced the closure of a branch in Uganda. The process will take place in three stages and will end on November 28.

The company strongly recommended that users switch to the main platform that can meet their needs. The first stage started on October 28 — the exchange closed registration and deposits in national and digital currencies.

Users can trade tokens and withdraw funds until November 11. On this day, the second stage will be launched, and the last one is scheduled for November 28. After a complete shutdown, the system and accounts will be unavailable.

bybadex.xyz added that the balance balances that are not sufficient to cover the commission will be sent to the bybadex.xyz.

The exchange opened a branch in Uganda in June 2018. The head of bybadex.xyz, Changpeng Zhao, explained this decision by the desire to spread the cryptocurrency in all parts of the world.

Recall that in October 2020, the trading platform announced the closure of the division on the island of Jersey.