Important Announcement
The contents of this announcement are point-in-time statements. Please note the date of publication.

27 March 2023

Dear BTX User,

The past few months have seen much publicised volatility in the banking, crypto, and crypto-related space. Most recently, there have been crypto-derived and other banking issues in the USA, including Silvergate Bank, Silicon Valley Bank, and Signature Bank, and Credit Suisse in Europe. The volatility and issues include Australia; as examples, FTX Australia and Trigon X digital currency exchange was placed in administration late last year.

This volatility has meant that banks and financial service providers are revisiting the services that they provide crypto-related organisations. Major crypto exchanges like Coinbase, Binance, and Bybit have recently announced restricted fiat onramp and off-ramp trading services. Block Trade Exchange Pty Ltd “BTX” is not immune to these changes or consequences. Following on from those events, and in terms of the BTX Terms of Use, we hereby give notice to all BTX users that buying and selling of Qoin for Australian Dollars through BTX are temporarily suspended until new banking service arrangements have been successfully concluded. BTX is working towards obtaining banking services from alternative Australian providers.

It is important to point out that BTX holds no customer funds in cash or fiat. Beta Qoin wrapping services will continue as normal.

BTX will keep Users updated here with any material changes to its services.