UK Bitcoin Exchange Bit121 Temporarily Ceases Operations

By Nermin Hajdarbegovic,

UK-based bitcoin exchange Bit121 has announced that it will suspend trading and temporarily close today, March 31st. Although the exchange has indicated that the closure is not permanent, it has not said when it will reopen.

Bit121 said most of the site’s functionality was removed on March 26th. However, users have been able to view account balances and statements, withdraw any sterling balance greater than £50 with no fee, and withdraw any bitcoins held with the exchange. All orders have been cancelled.

On Thursday (27th March), the exchange started carrying out withdrawal transactions on every account with a positive GBP balance.


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