Bittrex Global to Halt All Trading in December as it Winds Down Operations
Bittrex Global, a major digital asset trading platform, announced on Friday it is about to wind down operations and will cease all digital asset trading for its users in December, 2020. The platform said that it will not be accepting any new users or deposits on its platform due to this closure.
In a notice posted on its official website, Bittrex Global said that it is shutting down after nearly eight years as a digital asset trading platform. The statement read, “We regret to inform our users that Bittrex Global will cease operations and terminate all trading activity effective December 18, 2020.” The platform also noted that the closure won’t affect existing accounts, and that users will be able to withdraw their existing funds and assets until April 30th, 2021.
The platform went on to thank its users and customers for their support and shared best wishes for its future. Bittrex also promised to provide additional information on the shutdown and other related matters in the coming weeks.
This news comes as a shock to many in the digital asset trading world since Bittrex is one of the industry’s major players. Just last year, the US-based platform launched its global arm and became a leader in trading zero-fee digital assets. However, it failed to sustain this growth in 2020.
Despite this closure, the company assured its users that it will continue to provide advice and support through its team of professionals. Additionally, Bittrex stated that it will continue to provide customers with enhanced security measures and activities to protect their digital assets.