Barbados-headquartered financial technology firm BITT has announced its shutting down its Bitcoin trading operation but stresses its blockchain-based digital currencies and MMoney business remain and in fact continue to grow.

In a statement, the firm advised: “After years of serving you, the Bitt Exchange will cease all operations at 4 p.m. on August 29, 2019. Since you will no longer be able to sell or buy Bitcoin via this Exchange, we ask that you close your account with us before that time and date”.

This means that Bitt customers will no longer be able to sell and buy Bitcoin via its Exchange and Wallet service come August 29th.

Bitt’s Chief Financial Officer Patrick Hidalgo told Starcom Network News they are closing the exchange service to focus on other key areas.