Popular crypto casino closes its trading platform

The trading platform of one of the world’s top crypto casinos has been shut down by the site.

Rollbit, which became the new official European partner for Serie A champions Napoli ahead of the start of the 2023-24 Italian football season, previously ran the Degen EXchange platform.

However, in a post it made on X – the social media site formerly known as Twitter – Rollbit has announced that it will be closing down Degen EXchange.

This is despite the fact that the native asset of the Rollbit crypto casino site has skyrocketed in value by more than 400% over the course of the last three months. It is only a few weeks since Rollbit launched Degen EXchange but the site was unable to make a success of the platform.

“Due to regulatory uncertainty and low adoption, we’ve decided to sunset ‘Degen EXchange’ for now,” Rollbit said in a statement that was posted to X on September 22.

“Any holdings from Degen EXchange can be sold or withdrawn, but buying third-party assets has been disabled. RLB functionality is unaffected and RLB can be bought and sold as before.”

Rollbit gave no details on potential regulatory changes that led to the decision to close Degen EXchange only a short time after the platform had been created by the crypto casino site.

Furthermore, Rollbot.com, which is a sister site to Rollbit, is also going to be closing its doors.

“The site is now withdrawal-only, with limited functionality for existing accounts,” added the statement from Rollbit posted on X. “It’s important to note that these are independent changes that we’re making to better position and safeguard our business. There are no changes to our core product, Rollbit.com, RLB or our NFT (non-fungible token) collections.”

RLB continues to make waves for Rollbit, having exploded by around 800% in recent months. Over recent weeks, it has doubled in value to reap rewards for players at the crypto casino.

Rollbit launched in February 2020 and has since gone on to become one of the world’s most popular crypto casinos. The site’s two-year deal with Napoli indicated Rollbit’s aim to capture a bigger slice of the pie in the European market, which continues to expand at a rapid rate.

The crypto casino supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Solana (SOL) deposits and withdrawals in its cashier, with further crypto options likely to be added in future.