Bittrex Global, headquartered in Liechtenstein, has announced its decision to wind down operations. This process will begin with a cessation of all trading activities effective December 4, 2023. This announcement follows a period of regulatory challenges and legal proceedings that have impacted the company’s operations.
The wind-down process was detailed in an update published on the Bittrex Global website on November 20th. As per the announcement, from December 4th, the platform will restrict activities to withdrawals only, discontinuing all trading functions. Users holding U.S. dollar balances are mandated to convert these to euros or cryptocurrencies before the cessation date to enable withdrawals. This step is essential to ensure that customers can retrieve their funds from the platform.
This closure announcement comes approximately nine months after Bittrex, the U.S.-based subsidiary, started winding down operations due to…
