Crypto Winter Victim! P2P Crypto Exchange Local Bitcoins Announced Shutdown!
LocalBitcoins, one of the most popular peer-to-peer Bitcoin exchanges, announced this week that it is shutting its business after more than ten years of operation. In its Twitter announcement, the P2P platform said that it can no longer provide its service due to the “challenges during the ongoing very cold crypto-winter.” They already stopped new signups. LocalBitcoins users will be able to withdraw their cryptos over the next 12 months.