Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced that it will be shutting down its operations. The decision comes as a result of regulatory uncertainties and is in line with the suspension of Bittrex’s operations in the United States earlier this year. The U.S. Securities and Exchange Commission (SEC) had accused Bittrex Global of acting as an unregistered exchange, broker, and clearing agency. The exchange was alleged to have traded tokens that were classified as securities. Starting from December 4, 2023, all trading activity on Bittrex Global will be disabled, and customers will only be able to withdraw their assets. Bittrex had previously filed for Chapter 11 bankruptcy protection and reached a settlement with the SEC, agreeing to pay $24 million in fines and penalties. The platform assures the security of all funds and tokens and urges users to withdraw their assets promptly. Notable measures include the termination of the referral program and the suspension of promotions. Customers are advised against making deposits, and a deadline for withdrawals has not been set. Customer support will be available throughout the transition, and privacy measures will be maintained. Further updates will be provided through official channels.

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Information	Details
Geography	Europe
Countries	🇱🇮 🇺🇸
Sentiment	negative
Relevance Score	1
People	None
Companies	Bittrex Global, U.S. Securities and Exchange Commission (SEC)
Currencies	Euro, kryptowährungen, US Dollar
Securities	None