LocalBitcoins, a popular peer-to-peer Bitcoin trading platform, has announced the discontinuation of its trading service after serving the community for over 10 years. Despite the company’s efforts to overcome the challenges faced during the ongoing crypto-winter, it has regretfully concluded that it can no longer continue to provide its Bitcoin trading service.
Established with the mission to bring Bitcoin everywhere and drive global financial inclusion, LocalBitcoins has honored that mission for over a decade. The company is proud of what it has achieved in that time, and the impact it has had on the cryptocurrency community.
However, as of 2023-02-16, the trading and wallet services will no longer be available. Customers are encouraged to withdraw their funds from LocalBitcoins as soon as possible, with a deadline of 12 months to do so.
The timeline for the discontinuation of the service is as follows: on 2023-02-09, the platform suspended new sign-ups, and on 2023-02-16, trading and wallet usage (with the exception of withdrawing funds) will be suspended. After that date, LocalBitcoins customers will only be able to log-in to withdraw their Bitcoins.
The company apologizes for any inconvenience this may cause and thanks its customers for choosing LocalBitcoins for all these years. It has been an honor and pleasure to serve the community over the last decade.
In conclusion, the end of LocalBitcoins’ trading service marks the end of an era for the cryptocurrency community. The platform played a significant role in the early days of Bitcoin and will always be remembered as a pioneer in the peer-to-peer trading of cryptocurrencies.”
