Crypto platform Freeway halts services citing 'unprecedented volatility'

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Crypto platform Freeway will be halting some of its services until further notice, citing 'unprecedented volatility' in the foreign exchange and cryptocurrency markets in recent times.

Freeway has not provided any specific details about what its new strategies might involve, but said in the announcement there are plans to"diversify its asset base" and"manage exposure to future market fluctuations and volatility."

What exactly this could mean for the platform and its users is unclear, but the post closes by promising to provide updates soon. "We will notify you when we are ready to recommence partial Supercharger simulation purchases and then again as we can recommence full Supercharger simulation purchases as well as on platform Freeway Token Deposits and Buys."

Cointelegraph contacted Freeway for comment on the status of its withdrawals and for further clarification about the halt of services but was not given any new information. The news about halting some services has seen their token Freeway drop more than 75% in the last 24 hours, according to

 

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