After many years of operations, the peer-to-peer Bitcoin trading platform LocalBitcoins announced on Thursday, February 9 that it is shutting down operations.
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LocalBitcoins to Discontinue Services
Citing the challenges it has faced during the current “crypto winter”, the p2p crypto trading platform LocalBitcoins will no longer continue its operations anymore.
“We are therefore sad to share, that regardless of our efforts to overcome challenges during the ongoing very cold crypto-winter, we have regretfully concluded that LocalBitcoins can no longer provide its Bitcoin trading service,” LocalBitcoins said in a blog post.
Furthermore, the platform urged all its customers to withdraw their funds from their wallets within the next 12 months and encourage customers to do this sooner if possible.
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