This October 21, the LocalCrypto exchange, which is a P2P exchange, has made the unfortunate decision to say goodbye, closing its doors, after five years of operation.

Through a statement, the exchange mentioned that it had thought that the liquidation process of the exchange could be carried out in a fluid manner.

At the beginning the exchange only had P2P trading of Ethereum. In addition, it rapidly expanded support for more UTXO-based cryptocurrencies, including this bitcoin, the largest cryptocurrency.

The company had to make this decision because it is experiencing a bear market at the moment, this was the main reason for making the decision to say goodbye

Will stop accepting new accounts

For November 18, the cancellation of the creation of new operations within the exchange is planned.

Current users will be able to maintain access to the platform, in order to be able to cancel any open operation.

The bearish state that cryptocurrencies maintain has led several cryptocurrency entities to bankruptcy.