Cardano DEX Cardax Shuts Down, Cites Regulatory Turbulence

• As Cardano’s regulatory status remains uncertain, platforms in the ecosystem are compelled to shutter operations.
• Cardax, a Cardano-based DEX, announced it was shutting down.
• The exchange cited several reasons, including strict regulatory requirements.

Cardano is still reeling from the SEC’s Crackdown as major US exchanges delist the token from their platform following its ‘security classification,’ adding copious amounts of pressure on the token.

With Cardano’s regulatory status in the US remaining shrouded in uncertainty and ADA struggling to regain momentum, reputable platforms are being forced to shutter operations, with the latest casualty of this turbulent landscape being Cardax.

Cardax Bites the Dust

Since Cardano came under the SEC’s...

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