Crypto exchange/futures platform AAX on Monday announced in light of the recent developments that it will suspend all Fiat deposits and withdrawals within the AAX platform.

How this change will affect AXX which has a huge userbase and is the world's first digital asset exchange powered by LSEG Technology is yet to identify.

Meanwhile, P2P transactions will stay the same in the AXX exchange.

And the suspension is only temporary according to the AXX team.

"We fully expect to reinstate fiat deposit and withdrawal services no later than the end of August" - Said the team.

Fiat deposit requests will be disabled, from June 2nd, 2021; while fiat withdrawal requests and crypto-to-fiat conversion will no longer be possible from June, 7th, 2021. 

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