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Embattled crypto exchange Bittrex Global has decided to wind down operations after its US-based arm filed for bankruptcy amid a slew of regulatory challenges earlier this year.<\/p>\n
The foreign exchange will disable all trading activity<\/a> on December 4th.<\/p>\n No concrete withdrawal deadline has been established, but Bittrex Global recommends customers pull out their assets as soon as possible because a \u201cwithdrawal deadline may be set by the liquidators at some point in the future.\u201d<\/p>\n The exchange also notes that customers cannot directly withdraw US dollar holdings and will need to convert any USD to crypto or euros before the December 4th deadline.<\/p>\n Bittrex Global\u2019s domestic affiliate filed for bankruptcy<\/a> back in May after the U.S. Securities and Exchange Commission (SEC) charged the Seattle-based exchange and its co-founder and former CEO William Shihara with operating an unregistered national securities exchange, broker, and clearing agency.<\/p>\n At the time, the exchange claimed on its website that the bankruptcy announcement would not impact Bittrex Global.<\/p>\n The SEC, however, also charged<\/a>\u00a0Bittrex Global for failing to register as a national securities exchange in connection with its operation of a single shared order book with the Seattle-based company.<\/p>\n Bittrex began\u00a0winding down<\/a>\u00a0its operations in the US in late March.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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