{"id":1836,"date":"2023-04-01T10:39:11","date_gmt":"2023-04-01T10:39:11","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=1836"},"modified":"2023-04-01T10:39:13","modified_gmt":"2023-04-01T10:39:13","slug":"bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/","title":{"rendered":"Bittrex to Close Down US Operations as Regulatory Pressure Mounts"},"content":{"rendered":"\n

Seattle-based cryptocurrency exchange Bittrex has announced that it will close down its operations in the US. The exchange’s CEO, Richie Lai, cited an uncertain regulatory environment as the reason behind the move. In a statement, the exchange noted that clients should withdraw their funds by April 30, while trading will continue until April 14. Bittrex Global, which caters to clients outside of the US, will continue to operate. <\/p>\n\n\n\n

The exchange, which was founded in 2013, is the 71st largest digital asset exchange, with a 24-hour trading volume of just $11.7 million.<\/p>\n\n\n\n

Also Read: Robinhood Faces Regulatory Scrutiny over Cryptocurrency Operations<\/a><\/p>\n\n\n\n

Tough Regulatory Crackdown<\/h2>\n\n\n\n

Bittrex’s decision to wind down its US operations comes amid a wider regulatory crackdown on the crypto industry in the country. The Securities and Exchange Commission has recently imposed fines on a number of crypto companies, including Kraken. <\/p>\n\n\n\n

The agency has also issued a Wells Notice to Coinbase, signalling a possible enforcement action against the company. Meanwhile, the Commodity Futures Trading Commission has sued Binance for allegedly violating trading and derivatives rules. Last year, Bittrex paid $29 million to settle enforcement cases with US authorities for “apparent violations” of sanctions against countries such as Iran, Cuba and Syria.<\/p>\n","protected":false},"excerpt":{"rendered":"

Seattle-based cryptocurrency exchange Bittrex has announced that it will close down its operations in the US. The exchange’s CEO, Richie Lai, cited an uncertain regulatory environment as the reason behind the move. In a statement, the exchange noted that clients should withdraw their funds by April 30, while trading will continue until April 14. Bittrex […]<\/p>\n","protected":false},"author":10,"featured_media":1838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26,30,43],"tags":[],"class_list":{"0":"post-1836","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-1-minute-read","8":"category-exchange","9":"category-general-news"},"acf":[],"yoast_head":"\nBittrex to Close Down US Operations as Regulatory Pressure Mounts<\/title>\n<meta name=\"description\" content=\"Seattle-based cryptocurrency exchange Bittrex has announced that it will close down its operations in the US.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bittrex to Close Down US Operations as Regulatory Pressure Mounts\" \/>\n<meta property=\"og:description\" content=\"Seattle-based cryptocurrency exchange Bittrex has announced that it will close down its operations in the US.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-01T10:39:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-01T10:39:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ayushi Somani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ayushi Somani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/\"},\"author\":{\"name\":\"Ayushi Somani\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\"},\"headline\":\"Bittrex to Close Down US Operations as Regulatory Pressure Mounts\",\"datePublished\":\"2023-04-01T10:39:11+00:00\",\"dateModified\":\"2023-04-01T10:39:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/\"},\"wordCount\":208,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg\",\"articleSection\":[\"1 Minute Read\",\"Exchange\",\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/\",\"name\":\"Bittrex to Close Down US Operations as Regulatory Pressure Mounts\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg\",\"datePublished\":\"2023-04-01T10:39:11+00:00\",\"dateModified\":\"2023-04-01T10:39:13+00:00\",\"description\":\"Seattle-based cryptocurrency exchange Bittrex has announced that it will close down its operations in the US.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg\",\"width\":800,\"height\":450,\"caption\":\"Bittrex\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bittrex to Close Down US Operations as Regulatory Pressure Mounts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\",\"name\":\"Ayushi Somani\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"caption\":\"Ayushi Somani\"},\"description\":\"Ayushi Somani is an academically gifted individual who has a passion for blockchain technology. She is well-versed in the technology, having been an early adopter of cryptocurrency and investing in Bitcoin and several other digital currencies.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/ayushi\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bittrex to Close Down US Operations as Regulatory Pressure Mounts","description":"Seattle-based cryptocurrency exchange Bittrex has announced that it will close down its operations in the US.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/","og_locale":"en_US","og_type":"article","og_title":"Bittrex to Close Down US Operations as Regulatory Pressure Mounts","og_description":"Seattle-based cryptocurrency exchange Bittrex has announced that it will close down its operations in the US.","og_url":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/","og_site_name":"CryptoMeter.io","article_published_time":"2023-04-01T10:39:11+00:00","article_modified_time":"2023-04-01T10:39:13+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg","type":"image\/jpeg"}],"author":"Ayushi Somani","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Ayushi Somani","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/"},"author":{"name":"Ayushi Somani","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930"},"headline":"Bittrex to Close Down US Operations as Regulatory Pressure Mounts","datePublished":"2023-04-01T10:39:11+00:00","dateModified":"2023-04-01T10:39:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/"},"wordCount":208,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg","articleSection":["1 Minute Read","Exchange","General News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/","url":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/","name":"Bittrex to Close Down US Operations as Regulatory Pressure Mounts","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg","datePublished":"2023-04-01T10:39:11+00:00","dateModified":"2023-04-01T10:39:13+00:00","description":"Seattle-based cryptocurrency exchange Bittrex has announced that it will close down its operations in the US.","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg","width":800,"height":450,"caption":"Bittrex"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/bittrex-to-close-down-us-operations-as-regulatory-pressure-mounts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"Bittrex to Close Down US Operations as Regulatory Pressure Mounts"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930","name":"Ayushi Somani","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","caption":"Ayushi Somani"},"description":"Ayushi Somani is an academically gifted individual who has a passion for blockchain technology. She is well-versed in the technology, having been an early adopter of cryptocurrency and investing in Bitcoin and several other digital currencies.","url":"https:\/\/www.cryptometer.io\/news\/author\/ayushi\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bittrex-550.jpg","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/1836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=1836"}],"version-history":[{"count":1,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/1836\/revisions"}],"predecessor-version":[{"id":1839,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/1836\/revisions\/1839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/1838"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=1836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=1836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=1836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}