Bitspark Announces Closure due to Failed Restructorization
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4 February
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Hong Kong-based international crypto-focused network Bitspark has announced the closure of the service after six years of operation as the internal restructuring failed to work out.

According to an official blog post, Bitspark will be closing its services as of 4 March 2020.

"This decision was not taken lightly, particularly due to the excellent performance we have seen since the release of our Cash Point product late last year which has seen 400% MoM growth and, as our customers will attest, they've been running dry on cash daily for the last month due to demand," the announcement states.

Bitspark CEO George Harrap claims that until 4 March 2020, the service functionality will remain intact.

Bitspark Issues HKD Backed Stablecoin

Liquidity will reportedly remain on until the deadline and the final ZEPH buyback will be an order on the order books as of today, Harrap added.

Earlier iHodl reported that cryptocurrency exchange BitMEX announced the launch of perpetual XRP swaps paired with the dollar.

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