LocalBitcoins is shutting down operations after being in the crypto business for over 10 years.
The company cited a "very cold crypto-winter" as one of the reasons.
- The P2P platform will suspend new signups today, and trading and deposits will end on Feb. 16.
- Users will have 12 months to withdraw their Bitcoin holdings from their wallets.
- LocalBitcoins was founded in 2012 and enabled Bitcoin buyers and sellers to hold coins in escrow.