Bitcoin Exchange LocalBitcoins to Close, Citing Market Conditions

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10 years after its inception, bitcoin exchange LocalBitcoins is set to close due to poor market conditions. Reporting by oknightcrypto.

Bitcoin exchange LocalBitcoins is set to close this month in response to the"ongoing very cold crypto winter."

LocalBitcoins, based in Helsinki, is one of the longest-running exchanges.

LocalBitcoins offered peer-to-peer and escrow services for users looking to buy or sell bitcoin via traditional bank transfers and cash deals across multiple currencies on a global scale. When bitcoin was in its early stages, LocalBitcoins became a key marketplace that drove liquidity. It also spurred the lucrative arbitrage market as users could sell bitcoin at a spread above spot price and then buy the asset on centralized exchanges for cheaper.on allegations of being a ringleader in a bitcoin selling business that used LocalBitcoins.

 

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LocalBitcoins The commentary in this video shows the complete lack of understanding around p2p marketplaces and the benefits they bring. Allowing 'centralised exchanges to take over' is the last thing we need! Clearly the last 10 years of rug pulls has taught nothing 🙄🙄

LocalBitcoins Bitcoin is ₿OSS

LocalBitcoins Dump

LocalBitcoins OKnightCrypto Bitcoin on its way back down now 😀😀

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