Bittrex to Wind Down Operations in US


iHodl.com

American cryptocurrency exchange Bittrex is leaving the US market, citing ” continued regulatory uncertainty.” In a blog post, the Seattle-headquartered crypto exchange said customers in the US should withdraw their funds by April 30, 2023.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

Bittrex also claims it’s “not economically viable” for the platform to continue to operate in the country given the regulatory and economic environment.

Bittrex Co-Founder, Richie Lai, noted the company will now will focus on helping Bittrex Global “succeed outside the US.” The exchange will permit trading until April 14, 2023.

US Treasury Fines Bittrex $52M Over Federal Law Violations

Bittrex becomes the latest American cryptocurrency exchange to re-focus its business strategy toward operations outside the US. As iHodl earlier reported, Coinbase is also in talks with its institutional clients about setting up an overseas venture. Moreover, Gemini is also seeking options to open a new crypto derivatives exchange overseas.

Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Источник: ru.ihodl.com

Comments (0)
Add Comment