European bitcoin exchange BL3P to remove Litecoin (LTC)

BL3P users have until next November 10th to withdraw their Litecoin (LTC) from the exchange...

BL3P, a Netherlands-based bitcoin exchange, announced that it has decided to phase out Litecoin (LTC), which means the corresponding LTC/EUR trading market will be removed from the platform.

See below the process the company is taking for removal; and their rationales behind adding LTC a few years ago, and now to remove it.

Process

  1. As of 10 May 2021 (14:00 CEST), BL3P will disable the Litecoin (LTC/EUR) market and deposits – therefore users will no longer be able to trade or send LTC in their BL3P account.
  2. As of 10 November 2021 (14:00 CEST) BL3P will disable Litecoin (LTC) withdrawals and will convert any LTC remaining in a user’s account to BTC and this will be added to their BL3P bitcoin balance.

Why Litecoin was added to the platform?

The reason BL3P added Litecoin on 24 April 2017 in brief:

Why Litecoin is being removed?

The reasons mentioned above no longer apply and BL3P wants to focus only on Bitcoin and related concepts: