Cryptocurrency trade DragonEx is introducing a stopgap measure to reintroduce withdrawals after some issues final month. 

In accordance with an official announcement on Nov. 8, DragonEx is introducing a brief answer to permit crypto withdrawals. The trade would require its customers to accumulate so-called “DragonEx Withdraw Quota” tokens. One DWQ will permit the withdrawal of property price 1 Tether (USDT). 

DragonEx executives stated that clients can purchase DWQ via buying and selling, mortgage mortgage, or a deposit. “When customers make a withdrawal, the identical worth of DWQ will probably be consumed,” the announcement reads.

In accordance with the trade, DWQ-based withdrawals are a brief answer in response to ongoing points at DragonEx.

On Oct. 21, DragonEx stated that it suspended deposits and withdrawals of all digital currencies resulting from points fueled by OKEx’s ongoing withdrawal freeze. The trade has been engaged on a restructuring plan as a way to resume these providers on the platform. DragonEx representatives stated that the platform will probably be shut down in the event that they did not handle to efficiently reorganize by Nov. 2. In yesterday’s announcement the trade acknowledged:

“DragonEx has been actively in search of for exterior funding lately, nonetheless, the method takes time and uncertainty exists as nicely. With a view to shorten the ready time, DragonEx plans to revive token withdrawal progressively via a brief answer.”

Ought to the platform turn into worthwhile once more, it would return common withdrawals, eradicate the DWQ requirement and mechanism, and destroy all DWQ tokens. 

Cointelegraph reached out to DragonEx for extra particulars, however has not acquired a response as of publishing time.