Bittrex U.S ceased operations in April and settled with the SEC for $24M in August.
The closure of Bittrex Global also includes the end of all promotions and the referral scheme.
Just months after its U.S subsidiary was shuttered, crypto exchange Bittrex Global is reportedly closing down operations. Following Bittrex US’s bankruptcy filing in Delaware in May, the duo were sued by the U.S SEC for running a securities exchange without proper authorizations. This ultimately led to the closure.
After “all necessary transactions” have been completed by Dec. 4, trading on the platform will halt, and users will only be allowed to make withdrawals. The exchange did not provide an explanation for the decision.
Enforcement by Action
Bittrex Global’s CEO Oliver Linch has previously stated the exchange’s intention to fight the SEC accusations “vigorously.” Bittrex U.S ceased operations in April and settled with the SEC for $24M in August.
The exchange stated:
“It is with great regr
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