We have recently made the decision to temporarily suspend trading on the Tradehill platform.
Internet Archive Federal Credit Union has experienced operational and regulatory issues and we are no longer able to continue our relationship at this time.
Our unique relationship with IAFCU allowed our clients to hold their Tradehill balance in an account opened in their name and federally insured. If you had an account with Tradehill after our integration with IAFCU and would like to withdraw your funds please contact
msr@archive.orgWe look forward to resuming operations soon.
Sincerely,
Jered Kenna
Chief Executive Officer
Tradehill
This is really disappointing. Jered, would you say that options to exchange fiat for bitcoins are expanding with time or contracting? From my limited viewpoint it seems like the noose is tightening... (at least in the US). Just curious about your high level perspective on this.
In my opinion they're expanding. There have been and most likely will continue to be periods were it expands then contracts.
One of the benefits to increasing regulation is more traditional players entering the space. I anticipate a time when you'll be able to buy Bitcoin through a traditional investment account or ForEx account. That will never happen before it's much more regulated, but I'd imagine when it does get there some businesses will close and others will adopt Bitcoin making buying and selling much easier for the end user.
Great question though which no one had asked me yet.
Jered
