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Bittrex to Halt Crypto Trading Services in 31 Countries


Crypto Currency

Bittrex to Halt Crypto Trading Services in 31 Countries

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Crypto exchange Bittrex has decided to terminate its services in 31 countries, citing regulatory uncertainties behind the harsh decision.

Announced on Friday, the countries are Afghanistan, Egypt, Bosnia-Herzegowina, Botswana, Cambodia, Central African Republic, Democratic Republic of Congo, Côte d’Ivoire, Ethiopia, Eritrea, Ghana, Guinea, Guinea-Bissau, Guyana, Iraq, Laos, Lebanon, Libya, Maldives, Pakistan, Sri Lanka, Somalia, Sudan, South Sudan, Trinidad and Tobago, Tunisia, Uganda, Vanuatu, Venezuela, Yemen, and Zimbabwe.

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The crypto exchange detailed that it has informed traders based on each of these countries about the termination of trading services via email.

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The services will be shut on October 19 at 7 pm (UTC), giving the customers no additional window to withdraw their holdings from the exchange.

“You must withdraw your coins/tokens by no later than Tuesday, October 29 by 19:00 UTC/21:00 CEST,” the exchange noted.

However, customers can only withdraw their holdings of the available balance is three times the withdrawal fee charged by the platform.

“Please note if your balance is below the minimum withdrawal amount for the wallet, you will not be able to withdraw it. The minimum withdrawal for all coins must be greater than 3 times the fee. For example, your balance in BTC must be .00150001 or greater as the fee is .0005,” Bittrex added.

This decision to cut short the markets came months after Bitrex decided to delist 32 tokens for traders based in the United States, Finance Magnates reported.

Meanwhile, to penetrate the European market, the exchange is gearing up to open a digital asset exchange based in Liechtenstein. However, this will see the closing of its Malta-based subsidiary Bittrex International.



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