Review on Fides by Sudais Quadri
At least the exchange announced its intentions to close down
"Fides Exchange is no longer in business." This above quoted statement is the announcement on the homepage of Fides Exchange. Fides Exchange is a centralised cryptocurrency exchange, the services offered by this exchange is not known as it has shut down permanently. There is no much information concerning the reason behind the closure of this exchange but guess is most likely shortage of funds or low liquidity. It was launched in 2019 and was closed in 2020, what a short time! The exchange also had a little social media presence as it had less than 100 followers on Instagram. Since this exchange clearly stated out its intentions to close and shut down, we cannot label it as a SCAM eexchange. I wasn't able to trade on this exchange , the review of this exchange will be limited..
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Pros
- None at all, this exchange hasnt been functional
Cons
- This exchange can be termed dead
- The exchange is no longer recording any trading activity
