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Dukascopy Bank to Delist Enjin Cryptocurrency Amid Liquidity Issues
Abstract：Dukascopy Bank to remove Enjin (ENJ) due to liquidity issues, closing all ENJ/USD positions held by clients.
Enjin Coin (ENJ) has been removed from the list of marketable instruments by Dukascopy Bank SA, which attributed the move to a lack of liquidity and extended drops in price. Clients' entire ENJ/USD holdings will be closed as a consequence of this action.
The native cryptocurrency of the Enjin Blockchain, Enjin Coin, powers several popular games and services. The current market circumstances have resulted in a notable decrease in its price and trading volume, notwithstanding its potential. As a result, Dukascopy Bank has decided to take this move.
Renowned for its cutting-edge online banking products, Dukascopy Bank is based in Geneva, Switzerland. The bank specializes in binary options, forex, bullion, and CFD trading, offering its services over the Internet and mobile devices. Dukascopy has made a name for itself in the financial services industry by using its in-house developed technical solutions.
The bank's dedication to preserving a stable and liquid trading environment for its customers is shown by the delisting of Enjin Coin. Dukascopy Bank is alert in modifying its services to guarantee the best trading circumstances and customer happiness as the cryptocurrency industry develops further.
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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