By Sarah Feltz, The Associated PressRead moreRead moreAn online startup that was once one of the few in the U.S. to offer direct trading of cryptocurrencies has folded amid a new wave of regulations.
Cryptocompanies such as Wayfair and Cryptocoins.com are now mostly run by U.K.-based investment firm Citadel.
In addition to its cryptocurrency-focused trading platform that had been popular among investors in the early days of the financial crisis, Wayfair now offers direct trading platforms for companies that want to exchange cryptocurrency for dollars and euros.
In a press release on Monday, WayFair said it has closed down its trading platform.
The firm did not provide any specific reason for its decision.
Cryptocoins has remained largely dormant.
But the company, which was founded in 2014 by Evan Williams, said in a blog post last month that it was reopening its platform and would be adding more services soon.
In the wake of the crash, the U