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Thailand-Focused Crypto Exchange Zipmex Suspends Withdrawals
Abstract：It cited market volatility and other uncertain conditions behind the move. Earlier, Coinbase backed out from acquiring this crypto exchange.
Singapore-based cryptocurrency exchange, Zipmex suspended withdrawals from its platforms on Wednesday, citing a “combination of circumstances” that were beyond its control.
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In a Tweet by the crypto exchange, it highlighted volatile market conditions and the “resulting financial difficulties of our key business partners” that have pushed it to take such drastic action. Though the exchange did not provide further details about the move, it did not specify for how long this withdrawal suspension will be effective.
Due to a combination of circumstances beyond our control including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice.
Another Collapse？
Zipmex operates across several countries in the Asia Pacific region. However, it is known for its strong footing in Thailand. Additionally, it has a presence in Singapore, Australia and Indonesia.
The crypto exchange even attracted the attraction of Coinbase which was intended for an acquisition in the first quarter of this year. However, the deal fell through, and the American exchange ended up making an undisclosed 'strategic investment' into the Asian counterpart.
The investment came as a part of a Series B+ funding round of the crypto exchange that valued it at $400 million. Previously, the company raised $52 million earlier with backers like B Capital, V Ventures, MindWorks Capital and Master Ad.
After the collapse of the acquisition deal, Zipmexs Co-Founder and CEO, Marcus Lim blamed the market conditions and highlighted that Coinbase followed the same strategy in several other markets as well.
Zipmex took the drastic move when Bitcoin and the overall cryptocurrency market were showing some signs of recovery.
Several other crypto platforms, mostly lenders, took similar steps after the latest crypto market crash. Celsius, which has now filed for bankruptcy, halted withdrawals in June, followed by Singapore-based Vauld which is considering restructuring.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Pepperstone Review 2026: Massive Deposit & Withdrawal Complaints Against This Regulated Broker
Have you experienced issues with Pepperstone deposit & withdrawal processing? From your experience, do you feel that the Australia-based forex broker causes losses to its clients? Did the brokerage entity freeze your account and give you a margin call? All these trading allegations have been rampant on broker review platforms such as WikiFX. This Pepperstone review article takes a close look at the user complaints, especially in 2026. Additionally, we have given an overview of the regulatory framework under which the brokerage entity operates.
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Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.
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The 6 Lowest-Commission Forex Brokers South Asian Traders Are Flocking To in 2026
If you trade forex from India, Pakistan, Bangladesh, Sri Lanka, or Nepal, you already know the quiet truth that eats into every trader's results: it is not just the market that decides whether you profit — it is the cost of getting in and out of each trade. Shave a couple of dollars off your commission on every lot, multiply it across hundreds of trades a year, and you are looking at the difference between a strategy that works and one that bleeds out slowly. South Asian traders are some of the most cost-conscious in the world, and rightly so. So we pulled the data on the brokers most often recommended for the region, cross-checked every name on WikiFX, and ranked them by the one number that matters most here: what they actually charge you to trade. Before the list, one quick lesson that will make this whole ranking click.
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