Cryptocurrency platform Freeway suspends services citing 'unprecedented volatility'

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Cryptocurrency platform Freeway has suspended transactions and services related to the “Supercharger” product until further notice.

Cryptocurrency platform Freeway has suspended some of its services, citing “unprecedented volatility” on the forex and cryptocurrency markets in "recently".

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In a post on October 23, the platform announced that they are stopping buying, staking and will “Do not buy Supercharger simulations until our new strategies are implemented.”

According to the Freeway website, the product “Superchargers” Theirs can provide an annual profit bonus up to 43%.

As a centralized platform, Freeway bills itself as combining the best of traditional finance with the best of decentralized finance (DeFi). 

Freeway has not provided any specific details about its new strategies, but in the announcement it said there are plans to “diversify the asset base” , and “managing exposure to future market movements.”

News of the suspension of some services caused the Freeway token (FWT) more than 75% off in the last 24 hours .

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