BTC.sx Suspends Trading Due to MtGox Failure

BTC.sx, who offers trading in bitcoin-based derivative instruments, has halted trading due to the cessation of MtGox operations. Without explicitly

BTC.sx, who offers trading in bitcoin-based derivative instruments, has halted trading due to the cessation of MtGox operations. Without explicitly mentioning MtGox, their update reads as follows:

Dear Customers,

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Thank you for your continued support of BTC.SX, we really appreciate your custom. Unfortunately, due to the current closure of our main exchange partner, we regret we will be unable to take any further orders and our site will be suspended until further notice. All customer balances are secure and we will honour any withdrawal requests. For open positions, these will be liquidated and deposits will be refunded in full.

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We apologise for any inconvenience caused, we are working hard to integrate new exchanges and offer our service again as soon as possible.

We will keep you informed of any update, all refunds will be processed in due course, thank you for your patience during this time.

They join Plus500 and eToro in shifting away from MtGox. It is unknown at this point which exchange BTC.sx plans on using moving forward for BTC price tracking.

Plus500 had allowed existing positions based on MtGox to remain open, only closing off the instrument to new positions. In this case, however, there’s not much of a choice as MtGox has disappeared entirely.

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