The cryptocurrency exchange from Dublin Coinprism, specializing in the so-called "colored coins", announced the imminent termination of work. According to the report, users have time until March 31 to withdraw funds from the site and export their private keys.
According to the site representatives, since the launch in 2014, blockchain-technology has evolved significantly, which has resulted in the Coinprism ceasing to be competitive, especially against the emergence of ERC20-based Ethereum tokens, on the basis of which many primary offers of coins (ICO) are conducted.
Users who store funds on Coinprism are strongly advised to transfer their bitcoins and "colored coins" to another crypto-currency wallet.
Bitcoins and "colored coins" function in the blockchain regardless of the Coinprism platform. Thus, the funds will not be lost after the closure of the site. However, users may lose access to their assets if they do not export their private keys on time.
It is worth noting that Coinprism used "colored" coins, symbolizing completely different assets - from securities to cars, gold and real estate.