In line with a recent ‘announcement‘ published on official web-blog post, renowned cryptocurrency exchange Bittrex has declared that it’ll block its U.S based users from trading in 32 ‘cryptocurrencies‘.
The exchange outlined that U.S. users will receive an email with further explanations regarding what they’re and are don’t allowed to do with the said assets. The choices cited by the exchange embrace selling them for assets that will stay available to them, canceling orders and moving them off from the exchange.
After the amendments comes into effect, U.S. users won’t be able to purchase or sell the aforesaid coins, whereas all open orders involving the mentioned assets will be canceled. Some restricted functionality regarding the assets can still be available to Unites States traders and also the coins will be transitioned to the Bittrex International platform:
“United States users might withdraw or hold in their Bittrex wallet affected Tokens/Coins for as long as Bittrex International supports a market in those Tokens/Coins.“
Bittrex International is Bittrex’s Europe-based ‘affiliate‘, that lists certain tokens that are solely available on the Bittrex International platform – not to U.S. users.
As ‘reported‘ earlier in mid-March, Bittrex canceled its 1st Initial Exchange offering, that it had been thinking to host on [Bittrex International].
Last week, the decentralised exchange developed by leading crypto-currency exchange Binance would block ‘web-site‘ access to users within 29 countries, as well as the United States.
Also earlier this week, Bitcoin [BTC] trading volumes on major ‘cryptocurrency‘ exchange Coinbase recently hit a ‘high‘ of 263,000 Bitcoins [BTC] on 12th May, a volume that has not been seen since 4th Feb., last year.