The following announcement on some business adjustments:
1. About OTC business
Bitpie has shut down the one-click trading service a year ago, and has subsequently shut down other services such as OTC and P2P trading. Pure trading is an attempt we have made in the past few months, hoping to keep ordinary users away from "stolen money and coins" through strict audits. However, due to extremely strict audits, it has a low transaction volume with excessive development effort, the team then unlisted the pure trading to optimize. However, trading volume has not improved after upgraded. Therefore, we have recently taken the pure trading service offline again. Therefore, there is no more OTC business in Bitpie wallet.
2. About "Pie Bank"
This is essentially a "cloud wallet", which is the same type as developed by most wallets on the market. It is only used as a deposit and withdrawal when using some functions. Since this function is not related to "bank", it will be renamed as "Cloud Wallet" in the next version.
3. About the "Investment"
This section is the display page of third-party products, and all the products displayed before have been settled. At the same time, we have completely stopped third-party projects at the end of last year. In the future, the investment page will only be used to provide users with services such as staking on the public chain.
4. About Coin Swap
The Bitpie team has adjusted the Coin Swap to a service that requires Identity Verification (KYC) several years ago. The service has also been shut down due to high development effort and small transaction volume. At this point, it will be no longer available in the Bitpie wallet.
After making the above adjustments, the team will focus on the development of decentralized wallet business in the future.
Bitpie team
May 8, 2021