Bitcoin Exchange LocalBitcoins To Shut Down, Citing Market Conditions
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According to an announcement on its website, the peer-to-peer Bitcoin platform will be shutting down before the end of February 2023. LocalBitcoins has announced that the exchange will be closed for service by the end of February. The long-time Bitcoin trading service was the first peer-to-peer (P2P) transaction platform for many Bitcoiners. Launched in June 2012, the exchange is one of the oldest entities in Bitcoin, establishing itself as a primary P2P player in its hey-day with over $100 million in weekly trading volume of peer-to-peer transactions. “Originally LocalBitcoins was established to Bring Bitcoin Everywhere and drive global financial inclusion,”
Can bitcoin be converted to cash? Yes, bitcoin can be converted to cash. It is possible to use cryptocurrency exchanges or specialized services to convert bitcoin into traditional fiat currency, such as dollars or euros. This can be done by transferring the funds from a bitcoin wallet to an exchange,…