Bittrex Bans US Customers from Trading in 32 Cryptocurrencies

Cryptocurrency exchange Bittrex introduced that it’s going to ban its US-based customers from buying and selling in 32 cryptocurrencies, the exchange mentioned in a post on its weblog on June 7.

According to the statement, after June 21, U.S. traders won’t have the ability to access a slew of money indexed on the exchange such as QTUM and STORJ.

The exchange stated that U.S. customers would receive an electronic mail with explanations relating to what they’re and aren’t allowed to do with the property mentioned above. The options stated by the exchange come with selling them for property so that they can be available to them, canceling orders and shifting them off the exchange.

After the modification comes into effect, U.S. consumers won’t be capable of buying or selling the mentioned coins, while all open orders involving the said property will be canceled. A few limited functionalities regarding the property will; however, be available to U.S. investors and the coins might be transitioned to the Bittrex International platform

Bittrex International is Bittrex’s Europe-located associate, which lists specific tokens which can be only available at the Bittrex — not to U.S. customers.

As recorded in mid-marchBittrex canceled its first Preliminary Exchange Offering, which it was preparing to launch on Bittrex international.

As recorded last week, the decentralized trade evolved by top cryptocurrency exchange Binance will ban website access to customers from in 29 international locations, alongside the U.S.

As stated this week, Bitcoin (BTC) trading volumes on leading cryptocurrency trade Coinbase lately hit a top of 263,000 BTC on May 12, a quantity that has not been seen since February 4, 2018.