Crypto Exchange AAX Halts Withdrawals, Says FTX Put ‘Immense Pressure’ on Industry
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Cryptocurrency exchange AAX has suspended withdrawals, citing a glitch in a system upgrade.
AAX is a relatively small crypto exchange: data from CoinGecko showed that trading volumes over the last month peaked at around $2 billion. Over the last 24 hours, that number had dwindled to around $180,000. By contrast, Coinbase volumes were more than $1.5 billion in the same 24-hour period.