Netagio Shuts Down Bitcoin Exchange in Pivot

Netagio Shuts Down Bitcoin Exchange in Pivot

UK-based company Netagio has announced that it will close its bitcoin, pound, US dollar and euro exchange platforms as of today. The news marks the start of a 30-day notice period for its customers to withdraw their funds and close their trading accounts. Simon Hamblin, CEO of Netagio, said: We are immensely proud of our efforts and achievements to date while facing the reality of a stagnating market place in Europe, in an environment of regulatory and political uncertainty facing bitcoin businesses.


Related News

Bitcoin Exchange Netagio and WalPay Prepare For Future Card Transactions

British Bitcoin exchange Netagio announced that they are preparing for future credit card transactions. Netagio permits trading between Bitcoins, British pounds and physical gold, while also accepting deposits in Euro and US Dollars. Users are able to deposit funds and receive international payments in GBP, EUR and USD, with further currencies to follow. In partnership with WalPay, a payment service provider based in the Isle of Man, Netagio will allow its users to make credit and debit card payments to their trading accounts. Any Netagio customer holding a Visa, Visa Electron, Visa Debit,....

Netagio Launches Bitcoin Trading API

Netagio, the first British Bitcoin, gold & Sterling exchange, announced the launch of its Application Programming Interface (API). Investors can now program and fully automate their trading on the exchange. Also read: Bitcoin Exchange Netagio and WalPay Prepare For Future Card Transactions. The Netagio API enables investors to trade Bitcoins for GBP or gold, view open orders, cancel orders and view Netagio's order book on a continuous and fully automated basis. It facilitates real time depth of book price quotations and market data, automated trade executions and order and trade....

Netagio Receives Assurance of Bitcoin Holdings Under ISAE 3000 Standards

British exchange Netagio (which deals with bitcoin, gold, and sterling trading) reported this morning that they have attained assurance for their bitcoin storage/holdings to an international standard (ISAE 3000). An independent review was conducted by BDO LLP, a professional services firm operating internationally, and it was found that Netagio has their stuff together, to be frank. The ISAE 3000 standard (where ISAE stands for International Standard on Assurance Engagements) was developed by the International Auditing and Assurance Standards Board (IAASB), and the idea is to ensure....

Netagio to Exit Gold Market, Enter Euro and USD

British bitcoin exchange Netagio is exiting the gold market next month due to weak demand. The exchange will remove its two order books for gold trading by the end of the year, according to Netagio CEO Simon Hamblin. Netagio will instead enter the dollar and euro markets, with new order books for trading bitcoin for those currencies to be launched in mid-December. The company declined to specify a date. Hamblin said the firm is repositioning itself to tackle the larger euro and dollar markets, while leaving its longstanding links to the gold industry behind. "We're receiving this demand....

Netagio Becomes First UK Bitcoin Company to Meet Auditing Standard

British precious metal and bitcoin exchange Netagio has received ISAE 3000 standard certification for its bitcoin storage following a review by professional financial services firm BDO LLP. The news makes Netagio the first UK bitcoin company to comply with ISAE 3000. ISAE 3000 is internationally recognized by the International Auditing and Assurance Standard Board (IAASB), and assesses quality of assurance work, report verification, internal compliance, corporate governance and other areas of corporate responsibility. Review success. The company said it underwent the review earlier this....