A crypto casino that has seen its original assets increase by more than 400% in the past three months is closing its trading platform.
In a new wire On social media platform
“Due to uncertainty about regulations and low adoption, we have decided to discontinue ‘Degen EXchange’ for the time being.
All Degen EXchange assets can be sold or withdrawn, but purchasing third party assets is disabled.
RLB functionality remains unaffected and RLB can be bought and sold as before.”
In addition, Rollbit says its sister site, Rollbot.com, will also be dismantled, while adding that the closures will not change the company’s core products.
“Our sister site, Rollbot.com, is also being decommissioned. The site is now available for recordings only, with limited functionality for existing accounts.
It is important to note that these are independent changes we are making to better position and protect our business. There are no changes to our core product, Rollbit.com, RLB, or our NFT (non-fungible token) collections.
Last month, RLB saw a parabolic rise, outperforming virtually all other digital assets at the time, rising more than 103% in just one week.
Since June, RLB has seen a price increase of about 8x. On June 23, the crypto asset was trading at $0.0201. At the time of writing, the stock is valued at $0.110, a staggering jump of over 400%.
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Featured image: Shutterstock/FocusDesignx/Natalia Siiatovskaia
