The bitcoin exchange startup company LocalBitcoins has abolished the p2p crypto trading option. It was permitting the users to trade crypto for cash. According to a Reddit post, a user indicates the unavailability of the option in the platform.

Some corresponding comments in the thread note that may be the removal are limited to the U.S. Other comments states that the firm has also dropped the pending cash trades. It does not have the “local” option anymore. LocalBitcoins is no more justifying the purpose of its name. There is no official announcement or notice regarding the changes on its blog or Twitter.

As a reflex action, LocalEthereum has cut its trading fee on cash trading. It came into force from June 1 till July 1. Various other peer-to-peer crypto tradings firms are still effective.