Popular cryptocurrency trading platform, Bittrex, has announced it will be ceasing operations in the United States beginning from next month. According to a post via their official Twitter handle, Bittrex states that this move comes as a result of the ongoing regulatory uncertainty surrounding the U.S. crypto space.
Ironically, Bittrex’s sad announcement comes amidst the company’s celebration of its ninth anniversary. The crypto exchange has assured its U.S. customers that all funds are safe and immediately available for withdrawal.
Trading is expected to continue until April 14, 2023, although users are advised to have fully withdrawn their assets from the platform by April 30, 2023. It is worth stating that this closure is restricted to the U.S. alone as Bittrex operations will continue in other countries via its other branch Bittrex Global.
‘Unclear’ U.S. Regulations Not Good For Crypto: Bittrex CEO
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