Harborly, a Houston, Texas-based exchange that allowed customers to buy and sell bitcoin in their local currency, has ceased trading after more than one year as the owners pursue a new opportunity. The company stated in a blog on its website that it is looking for an acquirer “with the resources to see what we started through to the end.”
“We would like to state categorically that Harborly’s shutdown has not been prompted by a hack, fraudulent activity, or by a security-related incident,” the statement noted. “While that may have been true for other firms in the Bitcoin space, this is not the case for Harborly.”
New Venture Began as Side Project
The Harborly team said it wants to purse a new venture that began as a side project that has recently gained traction. “Given the potential of the opportunity, it makes far more sense for us to shift our limited resources away from Harborly to focus on this new project.”
The team noted that it was in the midst of launching in India after having begun in Canada and then moving to the U.S.
The team said it continues to believe in the future of bitcoin and “we