Dear All,

It is with a heavy heart that we have to inform you that Alpha5 will be shutting down. Your funds are SAFE! (Read on)

Since the app re-write, while we ended up with a materially better platform, the environment around CEX derivatives platforms changed quickly. Regulatory headwinds, lack of liquidity, and onboarding hurdles have made it difficult to carry the platform forward, and these issues will only compound as time passes. And thus in the best interests of all stakeholders, the team has decided to stop operations.

If you have any open positions, please close them as soon as possible. Alternatively, if they remain open, on Thursday October 7, 2021 at 8am GMT, they will be settled at mark prices.
Withdrawals will remain open until 8am GMT on October 31st, after which the platform will become inaccessible.

It is extremely unfortunate that it has come to this. But we genuinely appreciate all of the support you have shown us over the last 2 years.

As of now, though we will try to bridge A5T holders into a new DeFi product, there is no certainty on this front, and by no means should it be assumed as a guarantee. We will apprise you should this materialize.

Thank you again.

Bitcoin Derivatives Platform