Cryptocurrency platform Rollbit has decided to close 'Degen Exchange' and its sister site Rollbot.com for now, due to current legal uncertainties and lower than expected usage rates.
Rollbit Announces Shutdown of 'Degen Exchange' and Rollbot.com Due to Regulatory Uncertainty
As a result of this development, users holding assets on Degen Exchange are offered the option to sell or withdraw their assets. However, the ability to purchase third-party assets has been disabled.
More importantly, the functionality of RLB, the platform's native token, remains unaffected. Users will be able to continue buying and selling RLB as usual.
Rollbit's sister site, Rollbot.com, is also being taken down. It will now operate on a withdrawal-only basis and limited functionality will be available for existing account holders.
It is important to note that these strategic decisions are independent measures taken to strengthen and secure Rollbit's business position. These changes do not affect Rollbit's core product offerings, including Rollbit.com, RLB or NFT collectibles.
*This is not investment advice.