Bitcoin exchange National Camera Exchange (NCE) announced on Friday that it would be shut down.NCE is a national camera company that provides access to film in over 250 countries, including Australia, Brazil, China, Egypt, India, Indonesia, Japan, Malaysia, Mexico, Peru, Russia, Singapore, and the United Kingdom.
The company was founded in 2010 and was bought by Bancor Capital in October 2016 for $11 billion.
NCE announced it would have to shut down by March 31, 2019.
The company was a division of NCE Media Holdings Ltd.
In a statement on Friday, NCE said the shutdown would be permanent and that it was “unable to secure the necessary funding to continue.”
The shutdown was announced after a shareholder vote that called for the company to close.
Nce has not responded to a request for comment.
Bitcoin exchange, National Camera, was shut down over the weekend after shareholders voted against a proposed $5 million capital raise, according to The Wall Street Journal.
The closure of Nce follows the collapse of another national camera exchange, BitPay, in October.
BitPay had raised $4 million in a Series B round.