In a surprising turn of events, Bittrex Global, a once-prominent cryptocurrency exchange platform, has declared its impending closure on December 4th.
Established in 2014, Bittrex has now experienced 9 years of ups and downs. Many times it is in the top of the busiest trading floors in the world. Bittrex, which accounted for 23% of the USD market share in early 2018, is one of the important crypto exchanges in the US. After filing for bankruptcy for the US branch in May 2023, the exchange announced its departure from the US and committed to continuing to serve international customers.
According to an announcement on the morning of November 21, the Liechtenstein-based platform announced that it will officially end its legal status on December 4, 2023. All users holding USD need to convert their assets to euros or cryptocurrencies before December 4, to avoid the risk of not being able to withdraw their assets