Bittrex Global, one of the first cryptocurrency exchanges, is taking its intention to cease operations a step further. In a release, the exchange said that as of December 4, trading will be disabled as it winds down its operations. Additionally, clients have been asked to take their valuables out as soon as feasible.
After Bittrex received permission from the bankruptcy court to cease operations on October 30, the finalization took place. Since the SEC accused the exchange in April of operating as an unregistered exchange, the exchange has been embroiled in protracted legal disputes.
Bittrex guaranteed in the winding down announcement that all money and tokens are secure on its system and may be withdrawn whenever desired. It stated, “It is highly recommended that all users log into their accounts and take out assets as soon as possible.”
It is stated in the notification that users holding USD balances will not be able to withdraw them immediately. Before December 4th, they must exchange USD for EUR or any other cryptocurrency in order to proceed with the withdrawal process.