While we had much more planned for LocalCryptos, unfortunately we believe that internal and external factors prevent our small team from fully achieving our vision.

LocalCryptos has made the tough decision to voluntarily wind down for multiple reasons. Among the reasons include personal health matters impacting the development and progression of the marketplace, an anticipated downtrend in cryptocurrency markets, as well as challenging developments in the long-term regulatory trajectory amidst the global evolution of the crypto economy.

While any of these alone are not the sole reason, they are each motivating factors in our decision. We weighed up all the options, attempted various alternative solutions to keep the LocalCryptos vision alive, but in the end we made the decision to gradually end our services and recommend our users to other P2P platforms.

From now until November 4th, all operations will continue normally.

After November 4th, new account creation will be disabled, however existing users can still use LocalCryptos normally.

After November 18th, new trade creation will be disabled, however existing users can still use the LocalCryptos non-custodial web wallet interface. Trades that are still open after this date can be completed as normal.

Is there a chance that LocalCryptos will come back? Yes, it is possible that LocalCryptos will make a return in the future. We’ll let you know if that happens.