Bittrex Bids Farewell to US Crypto Market Amid Regulatory Turmoil

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Bittrex, a Seattle-based cryptocurrency exchange, has announced it will wind down its US operations due to the “current US regulatory and economic environment.” Trading for US customers will continue until April 14, while customers must withdraw their funds by April 30. The CEO, Richie Lai, expressed concerns over unclear and unevenly enforced regulatory requirements which have created an uncompetitive landscape. Last year, Bittrex paid $29m to settle enforcement cases for “apparent violations” of sanctions.