HEI

Historical Exchange Index

A quiet registry of crypto exchanges, active and gone.

Home / Dead / Urdubit

Exchange record

Urdubit

Pakistan-based Bitcoin exchange launched in 2014 as one of the country's first local Bitcoin exchange platforms. Urdubit announced it would shut down after the State Bank of Pakistan issued an April 2018 circular barring banks and payment providers from facilitating virtual-currency transactions.

CEXDeadRegulation
Also known as: Urdubit Bitcoin Exchange, Urdubit.com

Registry sequence

Previous
← Coinsecure
Next
BCC Exchange (BitConnect Coin) →

Key facts

Launch date
2014-10-11
Death date
2018-04-07
Years
2014–2018
Origin
Pakistan
Confidence
high
Last verified
2026-05-03

URL handling

Preferred action
Use archived URL first for historical viewing.
URL status
Dead domain
Original URL
https://urdubit.com/
Archived URL
View archived site

Summary

Pakistan-based Bitcoin exchange launched in 2014 as one of the country's first local Bitcoin exchange platforms. Urdubit announced it would shut down after the State Bank of Pakistan issued an April 2018 circular barring banks and payment providers from facilitating virtual-currency transactions.

Timeline

Urdubit launched as Pakistan's first Bitcoin exchange
2014-10-11launchedmedium

Urdubit launched in October 2014 as a Pakistan-based Bitcoin exchange using BlinkTrade infrastructure.

State Bank of Pakistan prohibited banks from facilitating virtual-currency transactions
2018-04-06regulatory_actioncritical

The State Bank of Pakistan issued BPRD Circular No. 03 of 2018, advising banks and payment providers to refrain from processing, using, trading, holding, transferring value, promoting, investing in, or facilitating virtual currencies / tokens.

Urdubit announced shutdown after SBP circular
2018-04-07shutdown_effectivecritical

Urdubit announced it would close following the State Bank of Pakistan's stance on virtual currencies and urged customers to withdraw funds.

Evidence

Pakistan's First Bitcoin Exchange Launches with Community-Building Ambitions
CoinDesk2014-10-11news_articlemedium reliabilitylaunch_datearchive
First Bitcoin Exchange Starts in Pakistan
South Asia Investor Review2014-10-14news_articlemedium reliabilityentityarchive
BPRD Circular No. 03 of 2018 - Prohibition of Dealing in Virtual Currencies/Tokens
State Bank of Pakistan2018-04-06regulatory_noticehigh reliabilitydeath_reasonarchive
Pakistan Bars Banks from Crypto and ICO Trading
CoinDesk2018-04-06news_articlemedium reliabilitydeath_reasonarchive
Pakistan Bars Banks from Crypto and ICO Trading
CoinDesk2018-04-06news_articlemedium reliabilityeventarchive
Urdubit, the Local Bitcoin Exchange, is Shutting Down for Good
ProPakistani2018-04-07news_articlemedium reliabilityeventarchive
Pakistani Crypto Exchange Urdubit Shuts Down After Cen Bank Announcement
Investing.com / Cryptovest2018-04-14news_articlemedium reliabilitystatusarchive
Urdubit, the Local Bitcoin Exchange, is Shutting Down for Good
ProPakistani2018-04-07news_articlemedium reliabilitystatusarchive

Related records

CEX
247Exchange
CEX
55 Global Markets
CEX
6x
CEX
AAX

Notes and record state

Record note
HEI uses regulation as the primary death_reason because Urdubit announced closure immediately after the State Bank of Pakistan's April 2018 prohibition on banks and payment providers facilitating virtual-currency transactions. Launch date follows CoinDesk's 2014-10-11 launch report.
Revision state
Records may be incomplete, approximate, contested, or revised as better evidence becomes available.
This record may be incomplete or revised. Dead-side entries prefer archived URLs over original domains. Dates, causes, and classifications may change when stronger evidence becomes available. Contact / corrections

Navigation

Registry
Back to home
Dead-side
Open dead view
Contact / Corrections
Open form
GitHub Issues
Open GitHub issue