Blockchain Services Firm Eqonex Closes Crypto Exchange, Citing Volatility and Dwindling Volume

“As a young and maturing financial-services business, our resource allocation needed to change to reflect the current market conditions and the opportunities that we are best placed to capture,” Eqonex CEO Jonathan Farnell told CoinDesk via email. “We are exiting underperforming businesses that no longer fit within our future strategy to focus on areas that will accelerate our growth.”