Bittrex Global To Close Operations, Urges Users To Withdraw Funds

Users with USD in wallet will have to convert their balance in EUR or other crypto assets in order to withdraw.
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Bittrex Global, one of the earliest crypto exchanges, is moving further with its plan to shut down operations.

The exchange shared an announcement stating that it is winding down all operations with disabling trading activity from December 4 at 18:00 UTC. It has also urged customers to withdraw their assets as soon as possible. 

The wrapping-up came after Bittrex’s US unit was permitted by the bankruptcy court to shut down its operations on October 30. The exchange has been long involved in legal conflicts since April when the SEC charged it for operating as an unregistered exchange.

In the winding down release, Bittrex Global assured that all funds and tokens are safe on its platform and are available to withdraw at any time. “All users are strongly encouraged to log into their account and withdraw assets as soon as possible,” it said.

The announcement notes that customers with a USD balance will not directly be able to withdraw it. They will have to convert USD into EUR or any other crypto before December 4 in order to proceed with the withdrawal. 

Also Read: SEC Charges Kraken for Operating Unregistered Securities Exchange

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