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Topic: Bittrex closing late Oct? Does anyone know more? See article. - page 2. (Read 291 times)

Willitivity

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Quote from: Murat on October 12, 2019, 09:40:13 AM

Very misleading info In your tittle -

They already have 2 Branches 1. Bittrex US 2. Bittrex International

They are changing the name From Bittrex International to Bittrex Global. Maybe because they thought it's odd to use 'International' when they can use 'Global' which is sound more perfect. Though tokens/coins in Bittrex International is not going to list on Bittrex Global automatically. Coins/tokens have to apply again for approval. Which is the main reason I think people should give attention to? Other than that this is not that serious that's why they're not sending the news out few times in Social media.

If that's the case, then that is a great news and a welcomed development. But it if it's just a change of name as you implied, then tokens and coins shouldn't be affected since it's still same platform but with a new name..

Ucy

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Quote from: No_2 on October 12, 2019, 01:20:46 AM

Seems Bittrex International is closing in late Oct:

https://bittrex.zendesk.com/hc/en-us/articles/360034545191-Bittrex-Technology-Platform-to-Power-New-Bittrex-Global-Digital-Asset-Trading-Exchange-

Does any one know more?

Excerpt from the article:

Quote

The launch of Bittrex Global is expected to coincide with the closure of Bittrex International (Malta) operations in late October. https://bittrex.zendesk.com/hc/en-us/articles/360034545191-Bittrex-Technology-Platform-to-Power-New-Bittrex-Global-Digital-Asset-Trading-Exchange-

From that we can conclude that they are closing "Bittrex International" in Malta to open another exchange called "Bittrex global".

The news may not be true as someone above said. Someone could have posted that to see the reaction of people. Or it came from a genuine source who wants to gradually break the news

SvonioneFromMangoCoinz

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Quote from: No_2 on October 12, 2019, 01:20:46 AM

no they don't close, they just want to create a bigger new business with greater influence in Europe. You know, they are under so much pressure from the US government. they are often overly controlled and subject to numerous orders imposed by the US government. Perhaps that is why they decided to start a new business.

Murat

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bittraffic

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Quote from: clickerz on October 12, 2019, 05:49:11 AM

Quote from: elda34b on October 12, 2019, 01:49:23 AM

From which part of the announcement you conclude that they're closing down? It seems like they're opening a new branch in Europe for me. If that branch becomes their only platform and they close down their US office, I don't think that's enough to call them closing down their business.

I agree, I don't consider it closing or ceasing operation totally. They are closing the Bittrex International (Malta) operations this late October but they are launching the Bittrex Global a European exchange base in Liechtenstein. Bittrex Inc will give licensed technology platform to Bittrex Global to operate. I think they are expanding to a new place where opportunity,law and taxation is favorable to them.

I thought Malta was the best place for the crypto companies that is more like an offshore. Malta laws I think don't bother them just as binance were staying in Malta.

Global looks like they level up. I just wish our coins stuck in there and our documents in the bittrex international be safe and will also be integrated to this new Bittrex Global that we don't have to submit another KYC documents.

TheNewAnon135246

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Very strange of them to not tweet about this or notify their customers more actively. I wonders what happens to all the data they gathered on Bittrex International.

NathanJB

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Quote from: Immakillya on October 12, 2019, 08:43:10 AM

Quote from: No_2 on October 12, 2019, 01:20:46 AM

Yeah, they're closing the old one to create a new one. I thought the are closing, like halting all of their operations for good or something bad happen like bankruptcy or hacking. But they just announced that to introduce the new one. From Bittrex international to Bittrex Global. Seems they are trying to be on the level of top major exchanges out there. But I think they need to consider their users from their old platform. Do they have to perform KYC/AML procedure again? That will be hassle for them.

It seems the news has come out earlier than the official announcement coming from the exchange itself. I have an account with Bittrex and I have not received a heads up email about this plan of theirs. There is not even a notification in their site about it. I think there is a leak of information and a few news site are sharing about it, publishing it even before the site can even open the plan to its users and the larger public.

Immakillya

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Quote from: No_2 on October 12, 2019, 01:20:46 AM

Bttzed03

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Quote from: elda34b on October 12, 2019, 01:49:23 AM

~snip

~

My hunch is this is a fake article. It's laying the grounds for a scam exchange called "Bittrex Global" where gullible signups will be scammed out of their deposits.

If Bittrex were moving from Malta, they wouldn't rebrand and make their whole user base sign up again on a different site.....

The article looks legit to me. It's the same site they use for other articles and blogs posted on their official twitter account.

clickerz

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Quote from: elda34b on October 12, 2019, 01:49:23 AM

Jating

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As per the article:

Quote

The launch of Bittrex Global is expected to coincide with the closure of Bittrex International (Malta) operations in late October. Bittrex Global has indicated that it plans to offer customers of Bittrex International the opportunity to become Bittrex Global customers. Bittrex Global is also offering any existing coins/tokens listed on Bittrex International the opportunity to apply for approval to list on Bittrex Global.

They are relaunching a new platform here but it doesn't mean that they are closing their doors. They wanted to be in front of the competition here so it makes sense that they will adapt a new business model to cope up with their growing customers and of course the competition. So nothing to worry here, maybe just rebranding which is just a norm to any business not just crypto exchange platforms.

watergold

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Quote from: kynaz on October 12, 2019, 03:31:39 AM

Quote from: ajaymukund on October 12, 2019, 03:17:45 AM

This will be a wise move. because Bittrex International has been strictly inspected by the SEC and law enforcement agencies. closing it and opening Bittrex Global in the future with more functions and incentives is a better policy.
they will be more free and not tied too much to the terms. do you guys think so ?

I agree with you . Bittrex is currently under government control so they cannot implement many good policies in this exchange. Some unqualified coins are delist from this exchange so when Bittrex Global launches they will be more comfortable listing good coins. I personally support this decision because they are trying to compete with other exchanges in the near future.

I consider this good news Bittrex will launch Bittrex Global like other exchanges which use the name Global Bittrex Global will be free to add good coins / tokens, because I know that Bittrex International rarely adds coins / tokens, Bittrex Global will become competition with other stock exchanges and I want to hear this news quickly in October.

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Quote from: ajaymukund on October 12, 2019, 03:17:45 AM

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febriyana

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Quote from: No_2 on October 12, 2019, 01:20:46 AM

That is like rebranding or changing old names.
But if that is official announcement they atleast put in their site or blog/twitter. In zendesk i think that is hard people want read it. Maybe only small people know who try clicking the update news one by one.
There is also if bittrex migration to other site, that is weird why we must re-register.

exstasie

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Quote from: elda34b on October 12, 2019, 01:49:23 AM

From which part of the announcement you conclude that they're closing down? It seems like they're opening a new branch in Europe for me.

This is what it says:

Quote

The launch of Bittrex Global is expected to coincide with the closure of Bittrex International (Malta) operations in late October.

My hunch is this is a fake article. It's laying the grounds for a scam exchange called "Bittrex Global" where gullible signups will be scammed out of their deposits.

If Bittrex were moving from Malta, they wouldn't rebrand and make their whole user base sign up again on a different site.....

jmigdlc99

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Quote from: No_2 on October 12, 2019, 01:20:46 AM

Based on my understanding of that article, it's not that Bittrex itself is closing, there will still be an online digital exchange called Bittrex. It seems that its just that they are changing the name of their officially registered company name from Bittrex Internation to Bittrex Global.

Also seems like all customers need to do is just sign up for the new platform once available.

elda34b

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exstasie

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Quote from: No_2 on October 12, 2019, 01:20:46 AM

Strange, I don't see anything on their Medium or Twitter. Is this legit? The story was picked up by some smaller sites like BTCManager and Finance Magnates, but the only source is the Zendesk article.

You'd think if an exchange as big as Bittrex were rebranding and changing jurisdictions, it would warrant a bit more press.

No_2

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