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Bittrex Plans Service Closure by December 4 Urges Users to Withdraw Funds


Bittrex

Bittrex is set to cease operations by December 4, urging users to withdraw their funds following a bankruptcy filing by its U.S. branch earlier this year.


The cryptocurrency exchange has expressed regret for any inconvenience caused to its customers and advises them to promptly remove their assets from the platform.


CEO Oliver Lynch of Bittrex Global had previously mentioned the exchange's openness to individuals seeking a regulated digital asset platform outside of the United States.


Once a prominent U.S. exchange, Bittrex's market share dwindled to less than 1% in 2021, leading to the U.S. division filing for bankruptcy in May in response to claims from the Securities and Exchange Commission.

Photo by bruce mars on Unsplash


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