FX Trading for Coinbase go comot from Aug 15
Coinbase go stop Function X (FX) trading for August 15 by 2 PM ET. The FX trading suspension na e follow because Function X team don pause their smart contract for the exchange. Coinbase go stop FX deposits, withdrawals, and trades until dem unpause the contract. Traders suppose expect less liquidity for FX and adjust their positions well well. The pause show how smart contract wahala fit disturb crypto trading and affect market liquidity. Market people suppose dey watch for contract reactivation info from both Coinbase and the Function X team to resume normal FX trading.
Bearish
Di FX trading wey dem stop fit cause bad side pressure for FX token for short time. Make dem stop deposit, withdraw, and trade reduce how easy e be to bend money and fit cause people dey sell when dem start trade again, e fit make price dey shake. Traders fit lose confidence until smart contract resume work and dem audit am. For long time, FX token fit recover if Function X team fit secure and start contract quick. Quick solve and clear talk fit bring trust back, but if dem keep stopping contract, e fit spoil market confidence and make price weak longer.