June 12, 2020 Seed CX announces the closure of its exchange and increased focus on settlement business.

The digital asset financial services company, Seed CX announced on Wednesday via a blog post that it is closing its exchange business while increasing its focus on its settlement business, Zero Hash. The company’s CEO Edward Woodford stated that Zero Hash constitutes 95% of the company’s revenue already and that some of its clients perceived its trading operations as a conflict of interest.