Bitcoin exchange platform Buttercoin, which raised a Google-backed seed round in 2013, will turn off its services by the end of the week.
Buttercoin, a US-based bitcoin exchange platform backed by internet company Google’s corporate venturing unit Google Ventures, has announced on its website it will shut down this coming Friday.
Established in 2013, Buttercoin secured $1.6m in seed funding the same year from Google Ventures, Y Combinator, Floodgate, Initialized Capital, Rothenberg Ventures, Centralway and angel investor Alexis Ohanian.
Although Buttercoin is solvent, the company failed to attract additional funding, citing a dwindling lack of interest in the cryptocurrency from investors.
Customers have…
