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LocalBitcoins to Shut Down P2P Exchange

Finland-based P2P cryptocurrency exchange LocalBitcoins has announced that it will shut down.

By 247patrick
Published February 9, 2023, 10:14pm ET · 1 min read

A man with dark hair and a beard, wearing a white shirt and a black watch, sits at a dark wooden desk with his hand pressed to his forehead, looking stressed. He is surrounded by multiple computer monitors displaying financial charts and graphs in a dimly lit room. On the desk are a white coffee cup, papers, a keyboard, a mouse, and a lit desk lamp.
An investor appears stressed while analyzing market data on multiple screens, illustrating the high demands of active trading. This scene contrasts with survey findings that suggest Americans believe investing requires more patience. © Victoria Gnatiuk / iStock via Getty Images

Finland-based P2P cryptocurrency exchange LocalBitcoins has announced that it will shut down.

The exchange stated market conditions as the reason for the decision.

The exchange stated that they “regretfully concluded that LocalBitcoins can no longer provide its Bitcoin trading service” in the announcement.

Users are advised to withdraw their crypto from the platform within 12 months but ideally earlier.

This article originally appeared on The Tokenist

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