Bittrex, a well-known cryptocurrency exchange based in Seattle, Washington, announced that it will be discontinuing it’s services for customers located in the United States. This decision came as a shock to many in the cryptocurrency community, as Bittrex has been a popular exchange for US traders for years.

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The company, Bittrex, cited regulatory uncertainty as the primary reason for its decision to exit the US market. Bittrex has long been under increasing pressure from US regulators to comply with the country’s strict anti-money laundering (AML) and know-your-customer (KYC) regulations which Bittrex has done faithfully.

Bittrex is encouraging it’s US customers to withdraw their funds from the platform before the deadlines throughout April, with the last day to withdraw cryptocurrency set for April 29, 2023. After that date, US-based customers will no longer be able to access their accounts or make trades on the platform.

The announcement was met with disappointment and frustration from many in the cryptocurrency community. Some see it as a sign that US regulators are becoming increasingly hostile to the industry.

The company has announced that it will continue to focus it’s efforts on Bittrex Global, based in Liechtenstein, and fully compliant with European Union regulations.

Overall, Bittrex’s decision to exit the US market is a significant moment in the history of the cryptocurrency industry. It highlights the challenges that exchanges face in complying with strict regulatory requirements, as well as the potential consequences of failing to do so. While Bittrex’s departure from the US is undoubtedly a blow to American cryptocurrency traders, the company’s continued success in other regions suggests that the industry as a whole remains resilient and adaptable in the face of adversity.