Published on August 18th, 2015 | by bitcoin0
Bitcoin exchange Harborly shuts down due to shrinking market opportunities
The announcement that North American bitcoin exchange, Harborly, is closing is the most recent example of a continuing consolidation of businesses that were part of the original wave of bitcoin entrepreneurship, including bitcoin exchanges, remittance services, wallets, and payment processing.
Last week SMS bitcoin wallet and remittance provider, 37 Coins, joined Google Ventures backed bitcoin exchange Buttercoin, and bitcoin marketplace Brawker, all having ceased operations this year.
“When we first launched Harborly just over a year ago, we had the vision of giving our users the simplest, quickest, and safest way to buy and sell Bitcoin globally using their local currency,” read a farewell blog post by Harborly.
The exchange also voiced its interests in bitcoin as a global transaction platform, saying that it planned to be operational in several emerging markets by the end of year.
Mostly notably, it said that it was preparing to launch in India soon, where they would operate a US-India bitcoin remittance service, becoming the first bitcoin company to do so.