This article was first published on Metal Blog
As we continue to build out Metal Pay, Proton, and the proposed national bank charter First Blockchain Bank and Trust, we’re shifting our energy away from some of our older, legacy products to redouble our efforts on the future that we’re creating. That means we’re sunsetting Metal X, Metal Vault, and Lynx Wallet by May 31st, 2021.
Metal X’s Exit
Metal X was our first foray into a web-based centralized cryptocurrency exchange. Designed with beauty and simplicity in mind, Metal X was meant to give our users a powerful trading experience. Unfortunately, due to significant issues with a third-party service provider, we were unable to execute the vision that we had for the product. Not wanting to settle for less than releasing an exceptional product, we were faced with two options: build everything from scratch ourselves, or shift our energy to a more decentralized vision.
This dilemma coincided perfectly with the explosion of DeFi applications and the shift towards decentralized exchanges. We took this as the perfect signal to pull the plug on Metal X and pour our efforts into creating Proton Swap as an even better way to exchange cryptocurrency. The concept worked and we’re thrilled to see Proton Swap growing each day as a way to swap cryptocurrency instantly and for zero fees. In many ways, Proton Swap is becoming more capable than a traditional exchange like Metal X could ever be.
By May 31st, 2021, Metal X will no longer be accessible to our users. We encourage you to shift your holdings out of Metal X and into your preferred wallets as soon as you can; our Support Team is standing by and ready to help with every step of this process should you have any questions. To withdraw funds to Metal Pay, visit our guide here. ...
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