Share this article
LocalBitcoins Back Online Following 'Hardware Failure'
By Grace Caffyn
Updated Sep 11, 2021, 11:51 a.m. Published Sep 2, 2015, 10:16 a.m.
Global bitcoin marketplace LocalBitcoins is operating again following over six hours of downtime it attributed to a "hardware failure".
The company announced the outage at 20:22 UTC yesterday. By 03:02 it said the service was "back up and running", though it appears some site functionality – including user logins – is still problematic.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
LocalBitcoins community manager 'Max' told Reddit the problem was related to the company's servers:
"It seems a server got hung up ... We're about to move to new equipment as the current servers are quite old, sad that they had to crash before we moved."
Two weeks ago, the Helsinki-based site announced upgrades to its servers that would log users out. It is unclear if the two events are linked.
Founded in 2012, the peer-to-peer marketplace matches local bitcoin buyers and sellers across 246 countries. Users have the option of transacting online or in person.
The company had not responded to a request for comment by press time.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
BlackRock's Bitcoin ETF a true rarity: massive inflows even with negative performance
"If you can do $25 billion in bad year, imagine the flow potential in good year," said Bloomberg's Eric Balchunas
What to know:
- BlackRock's spot bitcoin ETF (IBIT) is sixth in ETF inflows in 2025 despite posting a negative return.
- IBIT even took in more money than the leading gold ETF (GLD) despite that fund gaining 65% this year.
- "Boomers putting on a HODL clinic," wrote Bloomberg's Eric Balchunas.
Top Stories
