06 Apr '15, 8am

Bitcoin Exchange Buttercoin Closing

Bitcoin Exchange Buttercoin Closing

Raising capital is factored on so many variables. Not being able to secure funding could have occurred for many many reasons other than the environment, including company structure, exit plans, equity disagreements, board members, politics etc etc would love to know what happened. However it probably was the environment. It is likely that investors are being presented with better options to achieve an ROI from other types of blockchain/bitcoin companies like big-data & enterprise solutions then an exchange platform. There is 110 exchanges in existence of which 85 are operational and under 10% of those are above break even with most exchanges having an average lifespan of 9 months in the digital currency industry. So yeah. Hate to see buttercoin go. bitcoin ecosystem still in its infancy. these things happen.

Full article: https://www.cryptocoinsnews.com/bitcoin-exchange-butterco...

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