Wyre Update — Wind Down Extension to July 31, 2023

Wyre
Wyre Blog
Published in
2 min readJul 14, 2023

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As you saw with our announcement on June 16th, Wyre will be winding down its business. Providing robust payments and custody infrastructure for the last 10 years has been a tough job — and Wyre definitely is’t immune to difficult market conditions.

No matter the roadblocks we experienced, Wyre has always prioritized customers and compliance first, especially as part of our mission to remove barriers for anyone looking to build in the crypto space. Regardless of any financial difficulties, we are proud to say we have 100% of all customer assets, and they are ready for immediate withdrawal.

The response from our community has been incredible, and with its support, we’re happy to announce that we will be extending the deadline for withdrawal to July 31st. It’s our hope that, with this time, our community will have time to safely transition to new providers with minimal disruptions. After July 31st, we will post information here on our blog with further instructions on how to withdraw your assets.

While no one likes a sad ending, we remain equally as excited as ever to see how the cryptocurrency space will grow and change our financial ecosystem. It has been the ride of a lifetime serving the industry all these years.

If you’re interested in acquiring any of the assets of Wyre and its subsidiaries, please reach out to 88 Partners at gregg@88partners.com.

Sincerely,

The Wyre Team

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The leading infrastructure provider in crypto. Powering teams from the start. We want to #buidl with you.