Regulatory Concerns Prompt Rollbit to End Degen EXchange Operations

Crypto casino Rollbit recently took to social media platform X to announce the shutdown of its trading platform, Degen EXchange. They cited “regulatory uncertainty and low adoption” as the primary reasons. Despite its native asset gaining over 400% in recent months, it seems the platform could not overcome these challenges.

“Due to regulatory uncertainty and low adoption, we’ve decided to sunset ‘Degen EXchange’ for now. Any holdings from Degen EXchange can be sold or withdrawn, but buying third-party assets has been disabled. RLB functionality is unaffected and RLB can be bought and sold as before.”

In a related move, Rollbit also indicated that its affiliated website, Rollbot.com, is heading towards a shutdown. This site is now in a withdrawal-only mode with restricted functions for existing users.

“Our sister site, Rollbot.com, is also being decommissioned. The site is now withdrawal-only, with limited functionality for existing accounts. It’s important to note that these are independent changes that we’re making to better position and safeguard our business. There are no changes to our core product, Rollbit.com, RLB or our NFT (non-fungible token) collections.”

Despite these decisions, Rollbit maintains its commitment to its primary offerings, ensuring users that its core products remain intact and unaffected.