Skip to main content

Romanian Bitcoin Exchange Shuts Down

Romania's first order-book exchange is closing down.

Statements on the BTCXchange website informed users of a possible sale of the service on 18th August, and on 4th September, users were asked to withdraw funds ahead of an expected 12th September shut down.

According to Romanian news source Bihon, it remains unclear whether the exchange, the first of its kind in Romania, is still for sale. Owners originally said they would accept offers on the platform through 16th September.

In past statements, owner Horea Vuscan expressed his hope the exchange would be acquired as he said it was "highly profitable", though he expressed reservations about continuing in the face of the Bitfinex hack and continued worries about the security of bitcoin exchanges.

Vuscan wrote:

"I believe that Romania needs a local exchange but I want to retire in this area of business. In conclusion, in respect of clients and community BTCXchange announce that is for sale."

The decision marks the second time the bitcoin exchange has shut its doors, following a service stoppage in late 2014. However, it's unlikely many customers will be affected by the decision.

Data shows trading volumes on the exchange were low prior to its closure, with the exchange seeing just 19,000 RON (roughly $48,000) in trades over the last seven days

Comments

Post a Comment

Popular posts from this blog

The Bitquence Liquidity Network

CryptoCurrency is gaining popularity, however with Bitcoin very user-unfriendly mass adoption is not coming. The Bitquence Platform is aiming to replace Bitcoin with it's many disadvantages with something better. A currency for the people. More and better usability, A wallet which is universal and support several coins, like Bitcoin but also Dash and Ethereum. Please read along to get the latest information about this project which can grow very large. Collection of abnormal pockets programs, With automated sources that oversee a large number of wallets for each and every of your financial paperwork making it exhausting to do. International Cryptocurrencies lately stay on experiencing an especially noteworthy increment, impulsively reaching colossal valuations. The have an effect on at the present economic system modified the psyches of people to take after enhancements within the time of Cryptocurrency. Virtual kinds of cash and blockchain innovation are lat...
Post a Comment
Read more

BOScoin | Self-Evolving Cryptocurrency Platform

Well, what is BOScoin? BOScoin is a new virtual currency from a South Korean Fintech startup Blockchain OS. And unlike the existing virtual currencies, BOScoin is a new digital currency which also happens to be based on a blockchain. However, according to the company's experts it has a higher transactional speed which will go up to about 1000 transactions per second that is in line with the credit card processing speed. Its platform has been presented in both London and Berlin by Blockchain OS where they have been answering the questions of many with interests in the fields of design, technical, architecture, and governance. BOScoin is designed as a platform for a self-evolving crypto currency as an upgraded and much better version of both the Etherum and Bitcoin. BOScoin is however built to assist in trust contracts that usually provide a more approachable framework for creation and execution of blockchain contracts. Trust contracts are those secure and executable contracts tha...
Post a Comment
Read more

PRO Commerce - Coin Back Rewards

A new and promising project is the upcoming PRO Commerce Project. In essence the project is about getting Rebates and Crypto currencies into 1 platform. Something which is not new, because the INCENT project is also about that, however the PRO project has a different approach in achieving their goals. Their platform will be the main field where the project and business model should excel and make the project a success. The platform The goal of the PRO Platform is to create awareness and engagement, something which by just offering rebates is not sufficient, however holding PRO makes the user also an spectator and the team behind Pro believes this will make a difference in the way users will be committed and engaged in the project. By holding the coins they will eventually use the coins to speculate and use it. The app within the platform itself consist of 4 main components which according to the team will add a tremendous value to any business, making it the main app to use in compar...
Post a Comment
Read more