Bittrex Closes it’s International Exchange and Disables Thousands of Trading Accounts

The leading cryptocurrency exchange, Bittrex announced that it’s international trading platform “Bittrex International” which operates out of Malta is closing and it will be replaced with a new trading platform “Bittrex Global”which will be headquartered in Liechtenstein.

This comes after Maltese Financial Regulator said that it will “actively monitor” licensed cryptocurrency businesses in the country to prevent money laundering.

Bittrex Global is a new European exchange utilizing the trusted Bittrex technology platform. Headquartered in Liechtenstein, Bittrex Global aspires to be the premier global exchange for trading new and innovative blockchain tokens.

From bittrex’s Annoucement

Bittrex Moves $414 million USD Worth of Bitcoin

According to “Whale Alert”, a twitter bot that monitors crypto transactions, Bittrex has made the biggest Bitcoin transfer we have seen in months. It moved 43,653 BTC (414,139,256 USD) to unknown wallet.

Bittrex Closes Thousands of Trading Account

Last week, we reported that Bittrex will be banning 31 countries from accessing it’s exchange. Today, the effected users received the bellow message when they try to use Bittrex Global.

If you live or access Bittrex exchange from any country in Bittrex Banned List, then most likely your account will get banned.

Our Thoughts on Bittrex

Bittrex is an exchange that people should avoid using, there are cases of people who lost a lot of money as they did not get the early warning to withdraw their funds. Bittrex support is super slow in answering tickets, sometimes it takes months to hear back from them if you have an issue with your account.