Fairdesk, a Singapore-based crypto exchange, announced it will permanently shut down all services by November 30, 2024, due to regulatory challenges and shifting market conditions. Users must clear their accounts by October 17, after which all trading will stop, though withdrawals will remain available until the final closure date. Launched in 2021, Fairdesk had gained recognition for offering futures and spot trading with high leverage and robust security measures, but the increasing regulatory scrutiny in markets like the U.S. and Canada contributed to its decision to cease operations.