The P2P crypto exchange service LocalBitcoins has been shut down

Customers of LocalBitcoins have 12 months to withdraw their cryptocurrencies from the wallet, but it is advised that they do so as soon as possible.

LocalBitcoins, a peer-to-peer (P2P) cryptocurrency platform based in Finland, is closing its doors.

In response to the ongoing cryptocurrency winter, LocalBitcoins officially announced the termination of its services on Feb. 9.

As a result of the ongoing very cold crypto-winter, LocalBitcoins regretfully can no longer provide its Bitcoin trading service.

All customers were encouraged to withdraw their crypto assets from LocalBitcoins, asking to withdraw Bitcoins

According to the announcement, users will be able to withdraw crypto assets within 12 months from LocalBitcoins. “However, we encourage you to withdraw sooner,” the firm added.