Babel Finance Closed Withdrawals As Crypto Markets Close  

Babel Finance Stops Withdrawals Due to Decline in Crypto Markets

Babel Finance is a Hong Kong based company that does not want its customers to opt out of crypto first.

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A record high of $69,000 in November is now down to half its price

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Babel has 500 customers and holds itself to a limit of bitcoin, ethereum and stablecoins.

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The company owed more than $3 billion and had an average monthly trading volume of $800 million in derivatives.

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Celsius is cited as having a customer base of 1.7 million users.

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Cumulative global cryptocurrency market capitalization falls from $1.3 trillion to $937 billion in one week

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Average monthly trading volume in derivatives was $800 million

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Bitcoins have created a distinct identity in the new cryptocurrency, years back crypto was at its peak.

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Bitcoin drops below $20,000, another record

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