Bittrex Global set to wind down operations following $24 million fine from the SEC


21 Nov 2023 1:07 AM

Bittrex Global, a UK-based regulated cryptocurrency exchange, announced that it will be winding down operations in the next two weeks. ...

  • Bittrex Global, a UK-based regulated cryptocurrency exchange, is winding down its operations.
  • Trading activity will be halted on December 4, and only withdrawals will be allowed thereafter.
  • Users are warned against depositing funds, as they may be permanently lost during the transfer.
  • Withdrawals can only be made in EUR or other cryptocurrencies, not in USD.
  • Bittrex's US arm previously filed for bankruptcy and paid a $24 million fine to the SEC.

The sentiment of the article is negative, as it discusses the shutdown of Bittrex Global and the challenges faced by crypto-associated businesses.

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You May Ask

When will Bittrex Global halt trading activity?What will be allowed after trading activity is halted?In what currencies can users withdraw their assets?What happened to Bittrex's US arm earlier this year?Why are users warned against depositing funds on Bittrex Global?

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