{"id":49747,"date":"2023-06-17T05:50:06","date_gmt":"2023-06-17T05:50:06","guid":{"rendered":"https:\/\/lydian.io\/?p=49747"},"modified":"2023-06-17T05:50:08","modified_gmt":"2023-06-17T05:50:08","slug":"cryptocurrency-payments-platform-wyre-closes-citing-bear-market-conditions","status":"publish","type":"post","link":"https:\/\/lydian.io\/cryptocurrency-payments-platform-wyre-closes-citing-bear-market-conditions\/","title":{"rendered":"Cryptocurrency payments platform Wyre closes citing bear market conditions","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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San Francisco-based crypto funds agency Wyre is closing after practically a decade of operations, citing the bear market's monetary challenges that don't have anything to do with a restrictive \"regulatory path\" in the US. <\/p>\n
In a June 16 weblog post<\/a>the corporate stated it made the tough resolution to wind up \"to guard the very best pursuits of our key stakeholders and prospects.\"<\/p>\n \u201cWyre continues to guard its shoppers' wealth. If in case you have property on the Wyre platform, you possibly can nonetheless withdraw them by the Wyre dashboard till Friday 14th July. After that, we may have a separate course of to get better property left on the platform,\u201d the corporate stated. <\/p>\n After practically a decade, Wyre is retiring. As a consequence of market situations, we made this resolution to guard the very best pursuits of our key stakeholders and prospects. This resolution just isn't primarily based on the instruction of a supervisory authority. Wyre continues to guard its shoppers' wealth.<\/p>\n \u2014 Wyre (@sendwyre) June 16, 2023<\/a><\/p>\n The Wyre workforce additionally instructed that its property are actually on the market, stating, \"If you're excited by buying the property of Wyre or its subsidiaries, please contact 88 Companions.\" <\/p>\n