In a blog, the video platform said "nothing is happening to the apps, website or your Vines today" but that it would not function in the coming months.
It also confirmed users would be able to continue to watch previous posts to the site, which has around 200 million users.
"To all the creators out there - thank you for taking a chance on this app back in the day, " Vine said.
"To the many team members over the years who made this what it was - thank you for your contributions.
"What's next? We'll be working closely with creators to make sure your questions are answered and will work hard to do this the right way.
"We'll be sharing more details on this blog and our Twitter account, and will notify you through the app when we start to change things."
:: RIP Vine: Why is Twitter dumping video sharing app?
It did not offer any further details on when the app would be shut down.
Twitter did not give a reason for the app being axed but made the announcement on the same day it said it was cutting 9% of its global staff.
:: Twitter job cuts: Nearly one in 10 roles to go worldwide
Vine, which was bought by Twitter shortly before its launch in 2013, lets people share six-second long clips that played on a loop.
The most-looped video was footage taken from inside the Stade de France during the Paris terror attacks in November.
Others include a pile of honking rubber ducks and Leonardo DiCaprio's face when Lady Gaga passed by him at the Golden Globe Awards in January.
Here are some of the most watched Vines:
A Norwegian football fan captured the moment at the State de France when an explosion could be heard.
A mechanic made one of 2015's biggest memes when he pressed down on a pile of rubber ducks.
The face that Leonardo DiCaprio made as Lady Gaga walked behind him.
When a bit of fun goes horribly wrong for one child.
A rotating foam boom sneaks up on a boy in an inflatable __play area.
And this Vine has been watched more than 100 million times.
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