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Why This Google-Backed Y-Combinator Bitcoin Startup is Closing Down

Buttercoin is turning off its services on April 10th. Current users have been advised to move their bitcoins to another service and remove their dollar balances. The bitcoin exchange startup was part of the Y-Combinator batch YC S13 and backed by Google Ventures. The company has cited that with the dip in bitcoin interest among Silicon Valley investors, it wasn’t able to generate enough venture capital interest to continue funding Buttercoin. The company was founded back in 2013 with the aim of targeting the global remittance market.

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