LocalBitcoins shuts down its services after 10 years of operation
“Originally LocalBitcoins was established to Bring Bitcoin Everywhere and drive global financial inclusion. We have honored that mission for over 10 years, and we are proud of what we have achieved together with all of you, our loyal community.”
But it's a cold, cold crypto winter.
After February 17, “LocalBitcoins customers will only be able to log-in to withdraw their Bitcoins,” as “the trading and wallet services will no longer be available at this point.” The exchange also specified a 12-month period during which its users will be able to withdraw their funds but also encouraged them to “proceed withdrawing sooner.”
I expect the number of exchanges to shrink and the gateways to and from fiat to narrow. One thing every individual needs to do is to stay updated about such services, and to always have two or three options in case one of them dies.
https://localbitcoins.com/service_closure/
not sure if tweets are clearer - maybe was just a steep drop in volume, maybe the decline in trust too...