Crypto platform Zipmex to start releasing Bitcoin, Ether for customers

People walk past advertisement screen boards showing a crypto exchange platform "Zipmex" in Bangkok, Thailand, July 27, 2022. REUTERS/Athit Perawongmetha

BANGKOK (Reuters) - Crypto exchange Zipmex will release Ethereum and Bitcoin tokens from this week, a spokesperson said on Monday, allowing 60% of its customers to retrieve their digital assets after a suspension of withdrawals from its Z Wallet product.

The Singapore-based Zipmex, which also operates in Thailand, Australia and Indonesia, in July halted withdrawals from Z Wallet, which it said had $53 million worth of cryptocurrencies exposed to Babel Finance and Celsius.