On May 18, Bitpie released a message on the APP, announcing the closure of OTC, currency exchange services and other businesses.

The announcement stated that the following adjustments were made to some businesses: 1. Regarding the OTC business, Bitpie had shut down one-click trading services as early as a year ago, and subsequently shut down other services such as peer-to-peer transactions. Pure trading is an attempt we have made in the past few months, hoping to keep ordinary users away from “stolen money” and “stolen money” through strict audits. However, due to the extremely strict review, almost no transaction volume, and the excessive development effort, the team once adjusted the pure trading offline. After the optimization went online, the trading volume has not improved. Therefore, we have recently taken the pure trading service offline again. Shut down. So far, there is no OTC business in the Bitpie wallet.

2. Regarding “Paid Bank”, this function is essentially “cloud wallet”, which is the same type as the cloud wallets developed by most wallets on the market. It can only be used as a deposit and withdrawal module when users use some functions. “It doesn’t matter, we have changed its name to “Cloud Wallet” in the next version.

3. Regarding the “Fortune” section. The “Fortune section” is mainly a display page for third-party products. The products shown before have been settled. At the same time, we have completely stopped third-party projects at the end of last year. In the future, the wealth section will only use To provide users with services such as staking of the public chain.

4. Regarding the currency exchange business The Bitpie team has adjusted the currency exchange to a service that requires real-name authentication KYC several years ago. This is also due to the high development effort and small transaction volume. The service has been shut down. At this point, the currency exchange service is no longer available in the Bitpie wallet. After making the above business adjustments, the Bitpie Wallet team will focus on the functional development of the decentralized wallet business in the future.