Bittrex Announces Dec 4 Service Discontinuation and Urges Users to Withdraw Their Funds

Following the filing of bankruptcy in the United States, Bittrex has announced that it would shut down entirely by December 4th.

Bittrex, a cryptocurrency exchange, is going out of business, and it is demanding that its customers take their assets as quickly as they can. December 4 has been chosen as the day for the conclusion of the contest. After the United States portion of the corporation filed for bankruptcy earlier this year, this comes as a result.

The exchange issued a statement in which it apologized to its clients for the inconvenience that they had experienced. Users are strongly advised to remove their assets off the site as quickly as they can achieve this goal.

In an earlier statement, Oliver Lynch, the Chief Executive Officer of Bittrex Global, indicated that the exchange was available to those who were searching for a regulated digital asset platform outside of the United States.

The market share of Bittrex, which was formerly a large exchange in the United States, decreased to less than one percent in 2021. In May, the United States division was compelled to submit a bankruptcy petition as a result of accusations made by the Securities and Exchange Commission.

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