According to Cointelegraph, Nigerian social payment app Bundle announced on July 20 that it would close its cryptocurrency trading department.

According to a statement published on the company's blog, the company explained that it will cease its cryptocurrency exchange business as it focuses on expanding Cashlink's services as a payment solution. Bundle said that as part of the shareholders' decision to restructure the business to focus on Cashlink, it will cease operations of its exchange service. The company recommends that all Bundle users withdraw their assets from the application on or before September 12, 2023.