Singaporean Cryptocurrency Exchange Fairdesk Shuts Down 

Fairdesk, a cryptocurrency exchange based in Singapore, has announced that it will cease all operations on Nov. 30, 2024.

The announcement was made through a social media post on the X.com platform and was followed by a press release.

“Since its launch in 2021, Fairdesk has been dedicated to providing high-quality trading services to a large number of traders. However, due to changing policies and the evolving landscape, we have decided to permanently close our website on November 30, 2024.”

Fairdesk, which was launched in 2021, was one of the few non-domestic exchanges serving clients in the United States and Canada.

Its closure may come as a surprise to many, as the company appeared to be operating normally until the Oct. 10 announcement.