Dear VirgoCX users,
Unfortunately, support for USDT on VirgoCX will end as of January 19, 2022 at 11:59:59 PM EST. As you may have heard, USDT is no longer supported by many cryptocurrency trading platforms due to legal and regulatory reasons.
We understand that this may be frustrating and we sincerely apologize for any inconvenience. On the bright side, following these regulations allows us to continue providing our users with a safe and streamlined service. We hope you can understand this difficult decision.
You can still make USDT deposits and trade USDT on our platform right now (before the end of January 12, 2022) but keep these upcoming dates in mind.
January 12: Trading USDT (i.e., both buying and selling) will be halted at 11:59 PM EST. However, you still have time to withdraw USDT from our platform.
January 19: Support for USDT ends at 11:59:59 PM EST. All USDT held within VirgoCX accounts will automatically be liquidated for Canadian dollars. We will convert the USDT using the assumption that 1 USDT is equal to 1 USD and we will use the Bank of Canada's closing USD/CAD rate on January 20th, 2022 to convert the USD into CAD.
We greatly appreciate your cooperation and understanding as we go through this process together! If you have any questions or concerns, please contact us at email@example.com.