Tim Fries
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
- Finland-based P2P cryptocurrency exchange LocalBitcoins has announced that it will shut down.
- The exchange stated market conditions as the reason for the decision.
- The exchange stated that they “regretfully concluded that LocalBitcoins can no longer provide its Bitcoin trading service” in the announcement.
- Users are advised to withdraw their crypto from the platform within 12 months but ideally earlier.
This is a developing story and will be updated.
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About the author
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird’s US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
