Czech bitcoin exchange BitStock is closing down

Czech bitcoin exchange BitStock is closing down

In an email sent out to exchange account holders, the Czech based bitcoin exchange BitStock has announced that it is closing down permanently.

The email did not specify the reasons for the exchange to close, but it said that all user funds must be withdrawn by June 30, 2016.

BitStock is a trading platform where users could fund their accounts in EUR, but was mainly focused on the Czech bitcoin market, where users could fund their accounts in Koruny (CZK). In the email, it includes important information for traders regarding their accounts and funds.

“We would like to inform you that we will be closing the bitcoin exchange bitstock.com on 31st of May 2016. Trading will be fully operational until 31st of May 2016 and after that it will be no longer possible to send deposits or trade. Only withdrawals will be allowed until 30th of June 2016. After that date the website will be closed completely. If you don’t request withdrawal until that date the remaining money will be transferred to you manually in next 60 days – until the end of August 2016. But please be aware that the manual transaction comes with 50.00 CZK fee. Because of that we recommend you to request the withdrawal by yourself until 30th of June.”

We also confirmed that on the BitStock registration page a new message appears to users which says that “BitStock is currently not accepting new registrations. Thank you for understanding, team BitStock.”

There aren’t any other bitcoin exchanges that we’re aware of based out of the Czech Republic focused on CZK funding options, but there are plenty of exchanges that you can trade with using the Euro.

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david@bitcoin.com'
David is a writer, researcher, and developer who is passionate about bitcoin and blockchain. He writes for Bitcoin.com, Blockchain.com, and is the founder of Bitcoinx.io (which was acquired by Bitcoin.com). David previously used to write and curate for Myspace and has worked in the fintech and payments space for over 15 years.