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Bitcoin Marketplace Coingig to Close

Avatar Jayanand Sagar 6 years ago

Coingig Shut Down 2 Weeks

Popular bitcoin marketplace Coingig is quite surprising closing up shop permanently, according to a banner posted on the site’s homepage and a tweet published on early Tuesday morning.

The to-the-point statement reads: “Coingig is going to be shutting down, we will allow 2 weeks to process all orders so we can make sure everyone is paid.”

What’s interesting here as that no explanation has been provided whatsoever, leaving users of the website and the bitcoin community completely in the dark.

The site closed a recent tweet by saying “We has a good run”, leaving us wondering whether the stress of running such a marketplace was enough to nail the doors shut forever.

newsBTC has reached out to Coingig in hopes of getting some concrete information as to why the site is closing down, but did not receive a response prior to publishing. Should that change, we’ll update this post accordingly.

Coingig follows in the tracks of Bitmit, which closed down in the Summer of 2013. According to an announcement of the site’s closing, Bitmit thought that their service “should be run by a more professional business entity.”

It highlights that we’re still in the infancy in bitcoin where start-ups come and go virtually overnight.

We wish the Coingig team the best of luck in their future endeavors.

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