Peer-to-peer Bitcoin Trading Platform LocalBitcoins Shutting Down

Peer-to-peer bitcoin trading platform LocalBitcoins is shutting down after a decade in operation. "LocalBitcoins can no longer provide Bitcoin trading service during the ongoing crypto winter," the platform said in a statement.

LocalBitcoins has suspended new sign ups and will suspend trading and using its wallet — except for making withdrawals — on Feb. 16. Customers will have 12 months to withdraw their funds from the platform.