简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:LocalBitcoins, a Finland-based cryptocurrency firm established in June 2012, officially states that it can no longer offer any BTC trading services after several unsuccessful attempts to survive the ongoing harsh crypto winter.
Established in June 2012, Finland's peer-to-peer (P2P) exchange LocalBitcoins announced that it is closing its doors after a decade in business.
LocalBitcoins officially states that it can no longer offer any BTC trading services after several unsuccessful attempts to survive the ongoing harsh crypto winter. Unfortunately, LocalBitcoins was greatly harmed by the cryptocurrency turbulence in 2022, followed by the domino effect after the collapse of Bahamas-based FTX, which disrupted the entire sector.
The market capitalization of the cryptocurrency business decreased by 64.1% from $2.3 trillion at the beginning of the year to $829 billion by year's end as a result of the protracted crypto winter, the continued decline in digital asset prices, and more negative factors.
“We have regretfully concluded that LocalBitcoins can no longer provide its Bitcoin trading service,” LocalBitcoins said.
LocalBitcoins' customers have been urged to remove their money from the platform within the next year or earlier in anticipation of the company's shutdown. On Thursday, the P2P BTC exchange announced that it would stop accepting new users for its platform starting now.
The business also announced that on the 16th of this month, it would stop allowing BTC trading on its platform and prohibit users from using its wallets. However, withdrawals are still allowed as the company will work through to process and return the investors' funds.
Additionally, as of 17th January 2023, customers of LocalBitcoins will no longer be able to use the trading or wallet services; instead, they will only be allowed to log in to the platform to withdraw their Bitcoins.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In the world of online trading, the promise of quick profits and seamless transactions often masks a darker reality. One of the most insidious tactics employed by fraudulent brokers is blocking withdrawals, that is a deliberate strategy designed to trap traders and investors into paying more money under false pretences.
Know the top online trading scams of 2025, from fake apps to pump-and-dump tricks. Simple tips to spot and avoid them, keeping your money safe in this easy guide.
A 43-year-old company auditor and subcontractor in Malaysia became the latest victim of an elaborate investment scam after losing RM1.29 million to a fraudulent scheme promoted via WhatsApp.
The U.S. March ISM Manufacturing PMI data shows that manufacturing has contracted for the first time, and investors should pay attention to future changes and impacts on the sector.