Bloomberg Law
March 31, 2023, 10:00 PM

Crypto Exchange Bittrex to Exit US Due to Regulatory Challenges

Yueqi Yang
Yueqi Yang
Bloomberg News

Crypto exchange Bittrex Inc., founded in 2014 by three Amazon Inc. alumni, is shutting down its US operations, citing a regulatory environment that has made it “no longer feasible” to operate in the country.

In a tweet, Bittrex co-founder and US Chief Executive Officer Richie Lai said it’s “not economically viable for us to continue to operate in the current US regulatory and economic environment.” All customer funds are available to withdraw until the end of April, and its global business outside the US will continue to operate.

Bittrex is the latest digital-asset firm leaving the country amid heightened regulatory ...

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