TradeHill

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TradeHill logo

Tradehill was formerly a bitcoin currency exchange. At its peak, it was the second-largest; only Mt. Gox was higher. The American stock exchange tradehill's, was in San Francisco, California again stopped trade PTS for an indefinite period. We have seen this event almost unnoticed, because Tradehill is better known in the United States[1].

Main information[edit]

  • Country: United States
  • Headquarter: San Francisco
  • Type: Exchange
  • Round: Seed
  • Cost: $0.4 million
  • Date: 1-Mar-2013
  • Investors: Individual Investors

Description[edit]

Tradehill

The American stock exchange tradehill's, was in San Francisco, California again stopped trade PTS for an indefinite period. We have seen this event almost unnoticed, because Tradehill is better known in the United States. It is a prominent player in the cryptocurrency market in the us market, it is paid attention to large news agencies such as Bloomberg[2].

Tradehill was one of the first exchanges to start trading Bitcoin. In 2011, it became one of the largest trading platforms for electronic currencies, but due to financial difficulties in 2012 was forced to temporarily close. Trades were again launched in March this year and the exchange again began to gain momentum[3].

In August, Tradehill was registered with FinCEN, and on August 23, It sent its clients "happiness letters" on freezing their stock accounts and temporary stopping all operations. Now on the main page instead of fun jumping courses flaunts only a boring promise of future improvements in the green frame. The connection between these events is very vague. FinCEN spokesman Steve Hadak said that he could not make any comments on this particular case. Back in March, the Agency informed traders and operators of electronic currencies about the need for cooperation in regulating transactions with digital currencies, but it seems that most of them ignored this request. Trying to press charges against the Bitcoin Foundation has failed, now they have decided to take up the traders. CEO and founder of tradehill's Jared Kenna also declined to comment.

History[edit]

First mention on the site was on June 8th, 2011, which is also the "go live" date display on the exchange's status page[4].

On July 25, 2011 the exchange reported anomalies with Dwolla payments and stopped accepting Dwolla for deposits.

On August 10, 2011 the exchange resumed providing methods for SEPA transfers for deposit and withdrawal.

On February 13, 2012 the exchange announced it was shutting down[5].

External Links[edit]

See Also on BitcoinWiki[edit]

References[edit]

  1. Tradehill - Crunchbase
  2. Trade Hill Exchange - Investopedia
  3. Tradehill suspends trading due to "operational and regulatory issues" - Coindesk
  4. TradeHill Updates
  5. TradeHill suspending trading and returning client funds