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https://www.investopedia.com/bittrex-shuts-us-businesswinds-down-u-s-operations-7374021
Bittrex, an exchange that claims it offer the “widest selection of cryptocurrencies in the U.S.” and marked its ninth birthday last month, said it would end its U.S operations, saying it can’t operate amid a rising tide of regulatory scrutiny.
It doesn’t make financial sense to stay open, given “the current U.S. regulatory and economic environment,” the firm said. “Regulatory requirements are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape.”2
KEY TAKEAWAYS
- Bittrex cited ‘continued regulatory uncertainty’ for the wind-down.
- Exchange to stop trading on April 14, and asked customers to withdraw funds by April 30.
- The company added that customer funds are safe during the process.
- Non-U.S. customers will not be affected by the move.
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