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SkinBid, one of the most recognisable third party marketplaces for CS2 skins, is officially shutting down after four years in operation. The company has entered bankruptcy proceedings in Denmark, and users now have a short window to withdraw their items and wallet balances before the platform goes offline for good.

Below is a full breakdown of what happened, why the shutdown matters for Counter Strike players, and what you need to do if you still have skins on the site.

A Sudden End To A Four Year Journey

SkinBid announced the closure through an emotional statement shared on X, confirming that the company behind the platform, SkinBid ApS, was placed under bankruptcy proceedings on 21 November 2025.

The team described the journey as “hard, but fun”, while making it clear that the decision was final. Despite the bankruptcy, the website will remain temporarily accessible so users can complete withdrawals.

According to the official statement, all withdrawals must be finished by 5 December 2025, so users are encouraged to act quickly.

What Led To SkinBid’s Shutdown?

While SkinBid did not outline specific reasons, the shutdown comes just one month after a major CS2 update dramatically disrupted the in game economy.

Valve recently introduced a new Trade Up contract that allows players to exchange five Covert skins for a knife or a pair of gloves. This new system shifted the market significantly, causing a sharp drop in the overall CS2 skin market cap before it slowly began recovering.

It is not confirmed that the update directly affected SkinBid’s financial stability, but many fans have noted the timing.

Reactions From The Founders

SkinBid was co owned by popular streamer Mark “ohnePixel” Zimmermann and ECSTATIC co owner Oliver “zipeL” Behrensdorff. Both founders spoke about the closure, but zipeL’s statement offered a deeper look into the difficulties behind the scenes.

He reflected on their four year journey, the 400,000 users they served, and the many obstacles that came their way. His dream was to run a fully EU compliant marketplace, and while he achieved that, it still was not enough to keep SkinBid afloat.

Despite the disappointment, he said he remains proud of the product they built, the community they supported, and the lessons learned. He also confirmed that his focus now is helping shut the platform down properly.

What SkinBid Users Need To Do Now

If you have any skins or balance left on SkinBid, withdrawing them should be your highest priority.

The site will stay online for a limited time specifically to allow users to retrieve their items, and the deadline is Friday, 5 December 2025. After that date, it is unlikely any stored items or funds will be recoverable.

This is an important reminder for anyone who has used the marketplace recently or may have forgotten that they still have items linked to their account.

The Impact On The CS2 Community

The closure of SkinBid is a major moment for the CS2 trading community. The platform became widely trusted because of its compliance based approach, transparent listings, and reputable ownership from ohnePixel and zipeL.

Losing one of the most prominent marketplaces comes at a difficult time, as the CS2 economy is still finding stability after recent updates. How this affects skin trading long term is still uncertain, but the immediate priority is ensuring all users withdraw their assets safely.