FRANKFURT, Aug 9 (Reuters) - The crypto exchange Nuri GmbH has filed for insolvency with a Berlin court, the company said in a statement on Tuesday, the latest in a string of failures to hit the sector.
The company, founded in 2015, said the sell-off in the cryptocurrency market, the bankruptcy of the Celsius network, and uncertainty in financial markets forced it to take the step. read more
It said customers would still have access to their deposits.
Handelsblatt first reported the development.
Register now for FREE unlimited access to Reuters.com
Our Standards: The Thomson Reuters Trust Principles.