Bittrex Closes for Good after SEC Onslaught

Another
cryptocurrency exchange has just announced that it is disappearing from the
market. Bittrex, originating from Liechtenstein, will suspend trading and
operations in US dollars from the beginning of next month. This is the
aftermath of the actions of the US Securities and Exchange Commission (SEC) that began in April, which led to the closure of the platform’s branch in the USA.

Bittrex Global Ends
Operations

On 20
November, the cryptocurrency exchange announced “with great regret”
that it had decided to end its current operations. As a result, trading on the
platform will be suspended from December 4, and after that date, users will
only be able to withdraw their funds.

“All
our customers are strongly encouraged to log into their account and withdraw
assets as soon as possible,” Bittrex Global commented.

It is with great regret that we inform you that Bittrex Global has decided to wind down its operations.

Effective Monday 4 December 2023, all trading activity on Bittrex Global will be disabled. After that date, customers will only be able to withdraw assets as part of the…

— Bittrex Global (@BittrexGlobal) November 20, 2023

At the same
time, the exchange asks its users who have funds in US dollars to exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term them
for euros or cryptocurrencies before the mentioned date, otherwise, they may not
be able to withdraw them.