2023-10-24 03:41:24

Crypto platform Freeway halts services citing 'unprecedented volatility'

Cointelegraph

By Stephen Katte

Crypto platform Freeway has halted some of its services, citing unprecedented volatility in the foreign exchange and cryptocurrency markets in recent times.

In an Oct. 23 post, the platform announced they are halting buys, deposits and will not be buying Supercharger simulations until our new strategies are implemented.

According to the Freeway website, their Superchargers product can offer up to 43% annual yield rewards. Users can deposit fiat currencies and crypto, which are placed in regulated brokerage accounts which are leveraged for returns.

A centralized platform, Freeway advertises itself as combining the best of traditional finance with the best of decentralized finance (DeFi).

As all of you will be aware, there has been unprecedented volatility in Foreign Exchange and Cryptocurrency markets in recent times. pic.twitter.com/9aHsWbm1So

#freeway #ceo #furtherclarification #halt #centralizedplatform

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