Cryptocurrency exchange Bittrex will close its U.S. operations on April 30, while operations in other regions will not be affected

2023-04-01 09:22:01

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ChainCatcher news, the cryptocurrency exchange Bittrex announced that after 9 years of operation, the company will shut down its U.S. platform on April 30. Bittrex co-founder and CEO Ritchie Lai stated in a statement that continuing operations in the current U.S. regulatory and economic environment is not feasible from an economic perspective. Regulatory requirements are often unclear and enforced without proper discussion, leading to an uneven competitive landscape. Therefore, operating in the U.S. has become unviable, and all customer funds on Bittrex are safe and can be withdrawn.

In addition, Bittrex Global, which operates in regions such as Europe, Canada, and South America, is unaffected and will continue to facilitate trading. (source link)

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Bittrex exchange US regulation

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