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Algorand trading platform Vestige to shut down by end of 2026 due to low trading volume and losses

Market News
15 Nov 2026, 02:02 WIB
Tokenpost
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Bearish
Algorand trading platform Vestige to shut down by end of 2026 due to low trading volume and losses

Vestige, an Algorand trading aggregator and DeFi data platform, announced it will close its main website, API, trading aggregator, and related services by December 31, 2026. The shutdown is due to insufficient trading volume in the Algorand ecosystem over the past year, which failed to cover operating costs, along with prolonged unprofitability. User assets in wallets remain safe and accessible, and assets in Vestige vaults can still be accessed via a legacy interface. Vestige also plans to destroy remaining VEST tokens and liquidity certificates in its treasury.

The Algorand trading platform Vestige plans to shut down by December 31, 2026. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 15, 2026 06:01 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell today. Notable movers include ADA at Rp2.660 with a -12.76% change, AXS at Rp11.918 down -12.66%, and COTI at Rp145 down -12.41%.

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