Seminal cryptocurrency exchange Gatecoin is dead. It’s finally going into liquidation, years after it lost $2 million in cryptocurrency belonging to its customers. Gatecoin was one of the first regulated digital asset exchange services to spring up.

Hailing from Hong Kong and launched way back in 2013, it was focused entirely on Bitcoin, Ethereum, and Ethereum-based token markets. According to the post, signed by “The Gatecoin Team,” payment service troubles supposedly “paralyzed” Gatecoin’s operation for months, and caused the company “substantial loss” from which it could not recover. “On 13 March 2019, the court has granted a winding-up order against our company,”…

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