“After nearly a decade, Wyre is leaving. We have made this decision due to market conditions in order to protect the interests of our customers. The decision is not linked to the instructions of any regulatory body. Wyre continues to protect customer assets,” the official announcement reads.
The digital asset infrastructure provider assures that users can withdraw their assets from the platform until July 14th. After this period, clients will have to use other methods to access their funds.
Rumors that Wyre would go out of business have been around for a long time. The media wrote that the company was looking for financing after the purchase and sale deal with Bolt failed in September.
Wyre announced in January that it had secured additional funding to enable it to continue operating as normal.
In May, the Hotbit cryptocurrency exchange announced its closure after five years of operation and asked users to withdraw their remaining assets by June 21. The company explained that the decision to close was largely influenced by the deterioration in the working conditions of the exchange itself.
Source: Bits
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