Finland-based peer-to-peer crypto exchange platform LocalBitcoins announced the decision to cease its operation on 9 February. Despite its continued effort to surmount difficulties during the ongoing crypto winter, CEO Nikolaus Kangas said the company could no longer provide its Bitcoin trading service. New registration will be suspended from 9 February and trading activity will be ceased after 16 February. The company will allow the users to withdraw their assets from the account for 12 months, but it urged the users to begin withdrawal sooner.