LocalBitcoins Shuts Down

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Finland-based P2P platform LocalBitcoins has been popular among Bitcoin Russian, African and Latin American investors for many years.

However, the Finnish company has just announced it is suspending its operations. According to its deveIopers, although it has served buyers and sellers of Bitcoin for ten years, it has been unable to cope with financial problems.

LocalBitcoins was founded in 2012, and its annual volume of cryptocurrency trading reached $2.3 billion.

The platform supported more than 150 types of payment, more than 8 million BTC traders from 190 countries were its users.