Bittrex Shuts Down Due to Regulatory Disputes,All Customer Funds Safe

Crypto exchange Bittrex has announced that it will be shutting down its operations in the US due to the challenging regulatory and economic environment. However, Bittrex has clarified that all customer funds are safe and available for withdrawal. Trading will be permitted until April 14, 2023, and customers will have until April 30, 2023, to withdraw their funds. Bittrex was established in 2014 and offered various features such as wallet infrastructure and offline cold wallet solutions. The announcement sheds light on the difficulties that crypto businesses face in navigating an uncertain regulatory environment.