Bittrex Global to Cease Operations by December Amid Regulatory Challenges
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Bittrex Global, a Liechtenstein-based crypto exchange, announced it will cease operations by December 4th.
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The closure follows regulatory challenges, including a $29 million settlement with the SEC over alleged securities laws violations.
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Bittrex shut down its U.S. operations in March due to an "uneven competitive landscape" from unclear regulations.
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After December 4th, users can only withdraw assets as Bittrex winds down operations.
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The exchange ranked in the top 100 globally but had modest $6 million daily trading volume compared to giants like Coinbase and Binance.