Exchange tZERO Crypto, which is majority owned by Overstock, will shut down on March 6, the company announced on Twitter on Feb. 3.
tZERO is a financial technology company headquartered in New York. It facilitates the offering of securities for private companies that wish to go public. And in the crypto community, tZERO is best known for its token offering, or “Digital securities” which may be traded on the blockchain
Overstock online retailerownAbout 55% of tZERO, according to a company press release on Aug. 26.
In 2019 tZERO debutA traditional crypto exchange called “tZERO Crypto” that allows users to buy, sell and hold Bitcoin, Ether,Litecoin. and other cryptocurrencies, but in a recent announcement on Feb. 3, the company confirmed that it would shut down its exchange on March 6.
In the announcement, tZERO hints that unregulated crypto exchanges are coming into obsolescence, stating: “We believe that many digital assets will be treated as securities and trade in a regulated ecosystem. ”
The company said it will shut down on March 6th to allow customers to “Withdraw assets in an orderly manner. It did not clarify whether the tZERO ATS publicly traded securities tokens will be affected by the tZERO Crypto shutdown.
refer : LINK
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