CommEX announced today that it will begin the off-board process. The decision is blamed on strategic adjustments.
The CommEX platform will start suspending part of the services from March 25, 2024 and will close all access to the website on May 10, 2024.
“Dear Users,
We regret to inform our platform users that due to strategic planning adjustments, the CommEX platform has decided to start suspending some services from March 25, 2024, and will completely shut down the official website on May 10, 2024. The specific settings are as follows:
1. Starting March 25, 2024 at 10:00 UTC+0, CommEX will stop new user registrations and asset transfers from Binance, and will also stop fiat and cryptocurrency deposit services.
2. Starting March 28, 2024, at 10:00 UTC+0, CommEX will stop opening positions for Simple Futures & Futures Trading. Users will only be able to close positions and will not be able to open new ones.
3. Starting April 2, 2024 at 10:00 UTC+0, P2P services will prohibit merchants from creating new ads and users will not be able to create new orders.
4. From April 5, 2024, at 10:00 UTC+0, the system will automatically close existing P2P orders and ad services.
5. From April 18, 2024, at 10:00 UTC+0, all trading pairs for Simple Futures & Futures Trading will be cleared for settlement. Users are advised to close all open positions before they are deleted to avoid automatic settlements by the system.
6. From April 23, 2024, at 10:00 UTC+0, the spot market will be closed and users will not be able to place orders. The system will automatically cancel all spot orders and the Convert function will be disabled.
7. On May 10, 2024, the platform will proceed to delete the official website and users will not be able to access any content related to CommEX.
Great:
1. For users who still have an asset balance on CommEX after May 10, 2024, asset management fees will apply:The account asset management fee is 1% of snapshot assets per day, starting May 10, 2024, at 10:00 UTC+0.
2. We advise users to immediately close positions, withdraw assets and manage their assets on the platform. In addition, prioritize the safety of your funds. Any requests for withdrawals via phone calls, text messages or emails are fraudulent. Do not provide your personal account details, SMS verification codes or other important information to strangers or third parties.
3. After deleting the platform, if users encounter problems such as asset withdrawals, users can contact support@commex.com via email for further assistance.”