The Romanian BTCxChange announced its closure. Startup owner Horea Vuscan said that he is setting out his highly profitable business for sale, as he plans to continue working in another industry.
“We inform you that starting from 1st of May 2018, our platform will be closed. Operations stopped back on 1st of February but you still could stock your bitcoins on our platform,” short statement said.
BTCxChange started in 2014, and in 2016, was re-launched with new owners and an updated team. The problems began in January when they were restricted access to the bank account. As a result, the company was no longer able to handle transactions with the Romanian Lei and the Euro. The site management decided not to look for a new bank.
Since February 1, all operations of the exchange have been suspended, but users still could store their Bitcoins in wallets.
BTCxChange was one of the first sites that allowed users to participate in the ICO directly from the stock exchange account. Also last year, the exchange introduced a new convenient feature which is the automatic conversion of BTC to fiat and the transfer of these funds to the client’s bank account, which made the service more user-friendly.
All customers of the BTCxChange must withdraw their balance before the 1st of May.