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Bittrex Crypto Exchange to stop trading of 32 Cryptos for its US customers

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Bittrex Crypto Exchange to stop trading of 32 Cryptos for U.S. Customers

Cryptocurrency exchange Bittrex announced via a blog post that it is going to block the trading of 32 cryptos for its US customers. As per the blog post, the US customers won’t be able to trade in that 32 cryptos after June 21st. Except US customers trading will continue as usual without any restrictions.

The Bittrex blog post also reveals the list of all 32 cryptocurrencies that will be unavailable after 21st June. The 32 cryptos are as follows:-

ADTCMCTGOMFTQRLXEL
AMPDNTGTOMOBIQTUMXNK
BAYDTAHYDRONLC2RFR
BCPTENGIHTNMRSTORJ
BLOCKFCTIONPROSTORM
BOXXFLDCLBAPTOYSWT

However, Bittrex didn’t explain the reason behind this restriction to US customers only. All the US traders will get an email describing the reason behind the restriction.

The announcement reads, “U.S. Customers will be sent an email communication from Bittrex that provides guidance on what they can and cannot do with their affected Tokens/Coins in connection with this change before an affected market is no longer accessible”.

Buy or sell Tokens/Coins in all markets are currently open for all the U.S. customers before June 21st however after this all the open orders will automatically get cancelled. There is provision for the U.S. customers to withdraw or store their delisted cryptocurrency as long as Bittrex International supports a market in that Coins/Tokens.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.