Starting June 21, US-based traders will lose access to 32 crypto markets on Bittrex, and are therefore advised to know all steps to take before the change.
US customers will no longer have access to over 30 cryptocurrencies on Bittrex beginning June 21.
The cryptocurrency exchange has recently announced on its blog post that all their US-based customers will not be able to trade any of the selected 32 cryptocurrencies, including Qtum (QTUM) and Storj (STORJ):
ADT, AMP, BAY, BCPT, BLOCK, BOXX, CMCT, DNT, DTA, ENG, FCT, FLDC, GO, GTO, HYDRO, IHT, ION, LBA, MFT, MOBI, NLC2, NMR, PRO, PTOY, QRL, QTUM, RFR, STORJ, STORM, SWT, XEL, XNK
Bittrex, which will inform US customers of the new changes via email, reminds would-be affected traders that they can still buy or sell any of the 32 digital assets before the set date of implementation. They can also cancel or open orders, as well as withdraw said assets.
After June 21, US customers may still hold their affected assets in their specific Bittrex wallets and withdraw them later on.
Update: Market availability changes for U.S. customers. Learn more: https://t.co/K3PUSyr8w7 pic.twitter.com/Ad4qJVDpY6
— Bittrex (@BittrexExchange) June 8, 2019
Non-US customers, however, will not be affected by this change, and therefore can continue buying or selling over 200 cryptocurrencies.
Despite the upcoming change, Bittrex clarifies in its post that it will not leave the US market:
“Bittrex is proud to be a U.S. Digital Asset Trading Platform. U.S. customers will have access to a more limited number of markets as compared to what Non-U.S. Customers have on the Bittrex International platform. Like other industry participants, we will continue to advocate for laws and regulations that foster innovation.”
While Bittrex is yet to provide a reason behind their decision, many speculate that digital asset market regulations may have been a factor.
This move follows recent news of US-based exchange Poloniex, which “geo-fenced” nine assets from US customers toward the end of last month. Similarly, Binance DEX has notified its users that 29 countries — the US included — are set to lose website access beginning July 1.
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“Bittrex-Logo am PC-Monitor, durch eine Lupe fotografiert”by marcoverch is licensed under CC BY 2.0