S&P 500
7,357.80
-0.44%
Dow Jones
51,945.60
-0.47%
Nasdaq 100
29,082.80
-1.56%
Russell 2000
3,005.17
-0.36%
FTSE 100
10,505.10
-0.38%
Nikkei 225
69,696.60
-2.22%

Investing

LocalBitcoins to Shut Down P2P Exchange

Photo of 247patrick
By 247patrick Published
LocalBitcoins to Shut Down P2P Exchange

© 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

Follow 24/7 Wall St. on Google
Photo of 247patrick
About the Author 247patrick →

Continue Reading

Bitcoin This Week: Nigeria’s 60% Premium, Best January in 10 Years, Macro Outlook
247patrick |

Bitcoin This Week: Nigeria’s 60% Premium, Best January in 10 Years, Macro Outlook

Bitcoin has performed exceptionally well in the first month of the year, marking its second-best January in the past decade.

Dutch Authorities Warn That KuCoin Is Operating Without Registration
247patrick |

Dutch Authorities Warn That KuCoin Is Operating Without Registration

Cryptocurrency exchange KuCoin reportedly is operating in the Netherlands without being properly registered.

Trey Thoelcke |

China Is Not a Currency Manipulator?

ThinkstockOnce again, the Treasury Department has elected not to label China as a currency manipulator. Many economists and politicians believe…

Grayscale Withdraws Filecoin Trust Form 10 Registration
247patrick |

Grayscale Withdraws Filecoin Trust Form 10 Registration

Grayscale has filed a request with the Securities and Exchange Commission to withdraw its Form 10 application for its Filecoin…

3AC Founders Answer the Question Can You Trade 3AC Claims on Their New GTX
247patrick |

3AC Founders Answer the Question Can You Trade 3AC Claims on Their New GTX

The exchange formerly known as GTX has opened a waitlist.

Binance Expands Brazil Operations With Two New Offices
247patrick |

Binance Expands Brazil Operations With Two New Offices

Binance has announced that it opened two new offices in Brazil and expanded its operations to a total of 150…

New York AG Sues CoinEx for Failing to Register With State, SEC, CFTC
247patrick |

New York AG Sues CoinEx for Failing to Register With State, SEC, CFTC

New York Attorney General Letitia James filed a petition against the cryptocurrency exchange CoinEX seeking to prevent it from operating…

dYdX Slides 5%+ as Its DEX Announces Departure From Canada
247patrick |

dYdX Slides 5%+ as Its DEX Announces Departure From Canada

Decentralized cryptocurrency exchange dYdX recently announced that it is closing its Canadian operations.

OPNX Issues a Governance Token After Fruitless Launch
247patrick |

OPNX Issues a Governance Token After Fruitless Launch

Claims, spot, and futures exchange OPNX has rolled out a new governance token.

Top Gaining Stocks

Moderna
MRNA • Vol: 14,456,655
FactSet Research Systems
FDS • Vol: 1,547,130
ServiceNow
NOW • Vol: 27,314,826
Workday
WDAY • Vol: 10,383,201
Datadog
DDOG • Vol: 9,628,007

Top Losing Stocks

ON Semiconductor
ON • Vol: 44,328,069
Western Digital
WDC • Vol: 23,405,382
Seagate Technology
STX • Vol: 9,311,397
Keysight Technologies
KEYS • Vol: 5,527,047
Monolithic Power Systems
MPWR • Vol: 3,481,726