Crypto exchange Nuri files for insolvency in Germany. #TOGRP7

The crypto exchange Nuri GmbH has filed for insolvency with a Berlin court, the company said in a statement on Tuesday, the latest in a string of failures to hit the sector.

The company, founded in 2015, said the sell-off in the cryptocurrency market, the bankruptcy of the Celsius network, and uncertainty in financial markets forced it to take the step.#TOGRP7

 It said customers would still have access to their deposits.

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