{"id":23626,"date":"2023-09-22T23:32:10","date_gmt":"2023-09-22T23:32:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/regulatory-concerns-prompt-rollbit-to-end-degen-exchange-operations\/"},"modified":"2023-09-22T23:32:10","modified_gmt":"2023-09-22T23:32:10","slug":"regulatory-concerns-prompt-rollbit-to-end-degen-exchange-operations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/regulatory-concerns-prompt-rollbit-to-end-degen-exchange-operations\/","title":{"rendered":"Regulatory Concerns Prompt Rollbit to End Degen EXchange Operations"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Crypto casino <a href=\"https:\/\/igaming.org\/casino\/rollbit-casino\/\">Rollbit<\/a> recently took to social media platform X to announce the shutdown of its trading platform, Degen EXchange. They cited \u201cregulatory uncertainty and low adoption\u201d as the primary reasons. Despite its native asset gaining over 400% in recent months, it seems the platform could not overcome these challenges.<\/p>\n<p>\u201cDue to regulatory uncertainty and low adoption, we\u2019ve decided to sunset \u2018Degen EXchange\u2019 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 Any holdings from Degen EXchange can be sold or withdrawn, but buying third-party assets has been disabled.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.\u201d<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>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.<\/p>\n<p>\u201cOur sister site, Rollbot.com, is also being decommissioned. The site is now withdrawal-only, with limited functionality for existing accounts. It\u2019s important to note that these are independent changes that we\u2019re 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.\u201d<\/p>\n<p>Despite these decisions, Rollbit maintains its commitment to its primary offerings, ensuring users that its core products remain intact and unaffected.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/rollbit-announces-closure-of-degen-exchange-and-rollbot-com\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Crypto casino Rollbit recently took to social media platform X to announce the shutdown of its trading platform, Degen EXchange. They cited \u201cregulatory uncertainty and low adoption\u201d as the primary reasons. Despite its native asset gaining over 400% in recent months, it seems the platform could [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":23627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23626"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23626"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23627"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}