LocalBitcoins It has announced it will stop serving its customers after more than 10 years after facing the recent crypto bear market. As a result, the company has decided to no longer offer Bitcoin trading services.
Reference fromannounceof LocalBitcoins on February 9, 2023 reveals:
“Despite our efforts to overcome the hurdles encountered during the crypto market downturn, we are deeply saddened to announce that LocalBitcoins Bitcoin trading services are no longer available.”
LocalBitcoins Announced recommending customers to withdraw money from LocalBitcoins Wallet urgently, even if customers have more than 12 months to withdraw their funds.
Service retirement timeline LocalBitcoins
- February 9, 2023 Stopped registering new customers.
- February 16, 2023 Stop trading on LocalBitcoins and stop service LocalBitcoins Wallet Exempt Withdrawals
- After February 17, 2023, customers can enter the platform. LocalBitcoins To withdraw Bitcoin only and will not be able to use trading services or wallets anymore.
If there are any other movement updates will be announced later.