Bitcoin Co. exchange unexpectedly shuts down

[mlawson71]

Bitcoin Co. one of the biggest crypto exchanges in Thailand unexpectedly announced that it will cease its operations by the end of September.

The announcement scared investors on Bitcoin Co., who were selling bitcoins for as little as 6500 USD, while the current price of the digital currency remains close to 10 000 USD.

In a letter to investors the exchange says that it wants to focus on “other business opportunities,” without elaborating further, and that it will stop accepting any deposits on September 6th, while the platform itself will be shut down on September 30th.

After the end of September clients will have until November 1st to withdraw any of their remaining funds either to bank accounts or to digital wallets.

Source