Cryptocurrency payment platform Kranedex has announced that it has secured additional funding that will allow it to continue to operate as normal.
The platform was able to secure funding from a strategic partner that will allow it to continue to operate as normal. Thanks to this, Kranedex has removed the 90% withdrawal limit it set last week.
“We are pleased to report that we have been able to withstand the pressure and will continue to provide our services in a safe and secure manner without suspending withdrawals,” the statement said.
Last week, rumours emerged that Kranedex would cease operations – hinted at by former employees of the company. The head of the platform responded that Kranedex was operating, but was looking for ways to scale down its operations. The company was prompted to do so by a lack of funding and the collapse of its acquisition deal with Bolt in September.