US Crypto Exchange Bittrex files for Chapter 11 Backruptcy

Having previously announced that Bittrex, Inc. would be ceasing all operations in the U.S. effective April 30th, we have now made the decision to file Chapter 11 bankruptcy in federal court in Delaware.

This announcement does not impact Bittrex Global, which will continue operations as normal for its customers outside the U.S.

It’s definitely related to “regulatory uncertainty” faced by Bittrex while operating in the US. The SEC recently charged Bittrex with "offering the services of a broker, exchange and clearing agency. It did so without registering with the Commission, in violation of federal law, "

Another one bites the dust.

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