Facebook coffee trading platform Avon Trading is closing its doors.
It will not be a part of Facebook, the social media giant.
Avon is an online trading platform, which is where Facebook and other platforms trade digital currency.
The company was founded in 2009.
The last trading session was on December 10, 2014.
A Facebook spokesperson said: “Avon Trading was a great success, and we are grateful to the Avon team for their support over the past two years.
We will continue to support Avon trading as we move into the new era.”
Avon was founded by Avon Investment Management.
The platform had a $2.5 million Series A round in January last year.
Avons first product was the trading platform Trading Platform.
It launched in November 2015.
It was initially launched by Avons founders and its users, who trade digital currencies, using an avon token.
Trading Platform became the second platform Avons acquired, following Trading Platform Trading.
The Avons trading platform has been available since 2015, with trading volume growing at a rapid rate, reaching nearly $20 million by June 2018.
Avron was acquired by Facebook in February this year for $13 billion.
It’s closure is due to “financial and operational issues”.
A statement from Avon said: The closing of Avon, the leading digital currency trading platform with over 30 million users, is a sad day for Avon and the cryptocurrency community.
The team is saddened by the decision and is actively exploring a future path.
The closure of Avons Platform is a major setback for Avons users, but it is only the first of many steps we have to take to address the challenges we face.
“We will continue working with Avon to build the best trading platform we can.
Avonto is going to be a global leader in digital currencies,” the spokesperson added.
Facebook’s digital currency team had been working to bring Avon’s platform to market.
They had worked on a number of other cryptocurrency platforms, including a bitcoin trading platform.
Avondom was the first digital currency to use Avon.
Facebook is also using Avon for its platform.
Facebook says it is not planning to use the platform in the future, but is “committed to continuing to build it in a way that makes it the best platform for people to trade cryptocurrencies”.
The platform was launched on December 11, 2014, and had an initial user base of 1.3 million.
Facebook launched Trading Platform trading platform in 2015.