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Wyre, a provider of cryptocurrency infra...

Wyre, a provider of cryptocurrency infrastructure

Wyre, a provider of cryptocurrency infrastructure

Jun 16, 2023 06:58 PM Anwar Jahid

Wyre, a provider of cryptocurrency infrastructure, is winding down as a result of waning interest in a market that was once seen as the future of finance.

The choice was made on Friday and was publicized in a tweet. Earlier this year, online payment provider Bolt Financial abandoned its intended $1.5 billion acquisition of Wyre.


Since then, the U.S. securities regulator has filed litigation against Binance and Coinbase Global (COIN.O) and FTX, a prominent cryptocurrency exchange, filed for bankruptcy.

Investors who have assets on the company's platform can withdraw them through its dashboard till July 14 according to Wyre, which stated that its move was not the result of any regulatory action.
 

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