Netagio shuts down bitcoin exchange

Investing | May 6, 2015 By:

On Feb. 16, Netagio announced it is closing its bitcoin, pound, US dollar and euro exchange platforms.

“We are immensely proud of our efforts and achievements to date while facing the reality of a stagnating market place in Europe, in an environment of regulatory and political uncertainty facing bitcoin businesses,” said Netagio CEO Simon Hamblin.

Hamblin added, as experienced board representatives we recognise when the industry winds blow in other directions and it is time to review and restructure.

The restructuring of its current business model is anticipated to include the launch of a wealth storage business.

Netagio is a UK-based bitcoin exchange.