Valor to conquest bugged?

I tried to convert valor to conquest. The valor got deducted, but i didn’t get any conquest.
I tried it on the PTR too, but the result was the same. I never exchanged or earned any conquest with the PTR character, so it’s surely not capped.
2 or 3 days ago it worked fine. I guess it has something to do with the arena season end.
It could make sense, but why is it allowing me to burn my valors if this is the case.
(Honor to justice works fine)

The PvP season has ended, hence you can’t gain any conquest, though it would make sense for them to disable to conversion while this is the case.

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