A company withdraws from the cryptocurrency asset exchange race
At the extraordinary general meeting on November 7th, Vietcap Securities JSC (VCI) leadership announced that they have halted the cryptocurrency exchange project since August 2025.
The reason is that the required charter capital of 10,000 billion VND exceeds the company's capacity, even with a plan to increase capital to 8,500 billion VND.
Looking at the reality, the initial capital scale of the participating entities in the exchange race is still very modest: - Techcom Cryptocurrency Asset Exchange JSC (TCEX): 101 billion. - Vietnam Prosperity Cryptocurrency Exchange JSC (CAEX): 25 billion. - HD Cryptocurrency Asset Exchange JSC (HDEX): 25 billion. - DNEX Digital Asset Exchange Company: 151 billion. - VIX Cryptocurrency Asset Exchange JSC (VIXEX): 1,000 billion. - SSI Digital Technology JSC (SSI Digital), recently increased its charter capital from 200 billion to 1,000 billion.
Currently, only Vinechange has a charter capital of 10,000 billion. Vietcap's decision to back out demonstrates significant caution before a game that is not for the majority.
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A company withdraws from the cryptocurrency asset exchange race
At the extraordinary general meeting on November 7th, Vietcap Securities JSC (VCI) leadership announced that they have halted the cryptocurrency exchange project since August 2025.
The reason is that the required charter capital of 10,000 billion VND exceeds the company's capacity, even with a plan to increase capital to 8,500 billion VND.
Looking at the reality, the initial capital scale of the participating entities in the exchange race is still very modest:
- Techcom Cryptocurrency Asset Exchange JSC (TCEX): 101 billion.
- Vietnam Prosperity Cryptocurrency Exchange JSC (CAEX): 25 billion.
- HD Cryptocurrency Asset Exchange JSC (HDEX): 25 billion.
- DNEX Digital Asset Exchange Company: 151 billion.
- VIX Cryptocurrency Asset Exchange JSC (VIXEX): 1,000 billion.
- SSI Digital Technology JSC (SSI Digital), recently increased its charter capital from 200 billion to 1,000 billion.
Currently, only Vinechange has a charter capital of 10,000 billion. Vietcap's decision to back out demonstrates significant caution before a game that is not for the majority.