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Crypto marketplace Purse.io is closing down after six years of operation

Image by Purse.io

Mon, 20 Apr 2020, 10:48 am UTC

Crypto marketplace Purse.io announced that it will be closing down.

“Purse is closing down. It’s been our privilege serving bitcoiners all around the world. To everyone who used our products, told their friends, or helped us in any way, thank you…” the message on its website read.

In another post, Purse said that it made the difficult decision to dissolve the company and expressed its gratitude to those who helped build its products and infrastructure for the crypto community.

Purse will continue to support ongoing orders and withdrawals until June 26, 2020, to ensure that all transactions and accounts are settled. The firm has disabled new signups since April 16.

It will also disable the “Shop” and “Earn” functionalities on April 23. Meanwhile, open orders will be canceled. Purse.io will cease its operations on June 26, 2020.

“If you have a balance on Purse.io, please withdraw all funds as soon as possible,” the announcement read. “It's been a privilege serving people all around the world. We're thankful for our customers who used purse.io increasing bitcoin's utility and distribution. We're also thankful to all the developers and companies who continue to support open source projects including Bcoin and HSD. Thank you for helping us make crypto useful.”

Customers who have questions or concerns can reach out to Purse.io support team via email at [email protected].

In February, South Korea-based cryptocurrency wallet Bitberry also announced that it would be shutting down. Upon the announcement, it requested its users to withdraw their funds from the platform and added that it would not be charging withdrawal fees.

“We have decided to close the business due to the market deterioration and uncertainty of the blockchain industry,” said Jang Sung-hoon, CEO of Root One Soft, the operator of the wallet.

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