Does Cryptopia’s Failure Show Decentralized Exchanges are Crypto’s Future?

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New Zealand exchange Cryptopia has gone into liquidation. Yesterday, rumors of another hack were circulating after users were unable to access the website. However, this morning, an announcement made on their Twitter account declared the company had ceased trading. Taking this into account, is now the time to start using decentralized exchanges?Cryptopia Limited appoints Grant Thornton as Liquidators –— Cryptopia Exchange (@Cryptopia_NZ) May 15, 2019Cryptopia Has Closed For GoodLaunched in 2014, with amongst the lowest fees (0.2% per trade) in the industry, Cryptopia carved out a reputation for being a no-frills exchange that was willing to list relatively unknown coins.They enjoyed relative success. But things took a turn for the worst late last year when trading volumes plummeted. In the weeks before today’s announcement, daily volumes were typically around $200k. In the current climate, this would place Cryptopia within the top 40 exchanges.Sadly, in what is another blow for…

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