Netagio ‘Restructures’ – Shutting Down Bitcoin Exchange

NEW YORK (InsideBitcoins) – Netagio, the UK-based bitcoin exchange is calling it quits. The company announced a restructuring of its current operations, saying it will launch a ‘wealth storage business’ next month.
Netagio will provide cash safekeeping options for retail and institutional investors, high net worth individuals and family offices.
‘As part of the new corporate direction, Netagio will close its Bitcoin, GBP, USD and EUR exchange platform and trading on all order books will be suspended from today, 16th February,’ the company said in a statement. ‘This announcement marks the start of a 30 day notice period for its customers to withdraw their funds and close their trading accounts.’

This post was published at Inside Bitcoins on Feb 16, 2015.