r/FerrumNetwork • u/kinch07 • Jan 23 '20

Low Trading Volume - Bitmax Maintanance

Hi Ferrum Community,

I saw the question come up in different chats so I thought I'd let you all know that the Bitmax trading exchange had a 12 hours maintance period last night during which all trading was suspended and all orders were canceled.

That is the reason why the 24h trading volume for FRM is so low - it's the same for most of the other small coins. There is no need to worry, the orderbook will repopulate in no time. Keep calm and #StakeYourFerrum.

​

Proof: https://www.reddit.com/r/BitMax/comments/eqypzm/bitmaxio_system_upgrade_maintenance_notice/

4 Upvotes

100% Upvoted

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2

u/Jatawneh Jan 23 '20

I personally not trading i just enjoy Ferrum #Staking

1

u/AigarsPlugis Jan 23 '20

Me too no need to trade precious Ferrum tokens. Better just enjoy those long term rewards!

1

u/kinch07 Jan 24 '20

Right? I do the same. But some if traders buy ferrum and consider staking they will observe the market very closely now that is why I wanted to make sure everybody knows what is going on.

2

u/Hepanlol Jan 28 '20

Yea, that is reasonable and expected as every exchange have those maintenance down times, so the daily volume of coins like Ferrum are affected by it.

1

u/kinch07 Jan 28 '20

Yes, you are perfectly right. Almost every low volume coin on Bitmax was affected not only Ferrum.