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Topic: Bittrex is Closing Down - page 2. (Read 315 times)

hero member
Activity: 994
Merit: 1089
November 21, 2023, 07:07:33 AM
#5
I haven't used Bittrex and i do not know too much about the exchange because it isn't popular these days, maybe it was popular in the past, but this is another service winding down this year, and though Bittrex didn't give any reasons why they are winding down, but i guess it may be due to low trading volume.
United States is becoming something else to crypto exchanges and many of them will noot be able to survive United States crypto regulatory environment.
I am not so sure, but i don't think Bittrex is winding down because of regulatory problem, all the times i have heard about this exchange, it is always from people who probably used them in the past, but they no longer do, so i guess they are shutting down because of low trading volume and they cannot compete for profits with other popular exchanges.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
November 21, 2023, 06:53:19 AM
#4
I think Bittrex is a United States based cryptocurrency exchange? The last time I knew about what was going on about them is just the regulations in United States that are not favoring crypto organizations in United States, especially the crypto exchanges. United States is becoming something else to crypto exchanges and many of them will noot be able to survive United States crypto regulatory environment.
legendary
Activity: 2968
Merit: 3684
Join the world-leading crypto sportsbook NOW!
November 21, 2023, 06:36:51 AM
#3
^ I just got the email today too. Actually have a smattering of coins there but nowhere near the minimum withdrawal so they join my family of dust wiped out at exchanges. They served me well several years back for quick fiat out -- hours in my account from withdrawal and negligible w/d fees. Bare minimum KYC too at the time. Also really handy for offloading lots of nonsense coins for BTC.

Gone are the days a person from my region could use these places for quick Bitcoin-fiat to multiple country bank accounts in hours.

RIP Bittrex. When Poloniex?
sr. member
Activity: 2156
Merit: 323
November 21, 2023, 06:35:44 AM
#2
I've been with Bittrex since 2018. It's just a bit of nostalgia.

Let's be honest here. Was anyone really using it? Their service was pretty bad – super high fees and customer service that was basically non-existent. So, it's not surprising they made this tough decision. Times has changed, and we've got alternatives now. To stay in the game, you've got to offer quality service without charging crazy fees. That's just how it is.
legendary
Activity: 2576
Merit: 1860
November 20, 2023, 06:32:54 PM
#1
After several years of operation, what was once the largest and most respected crypto exchange has announced that it is closing down. We could consider this an end of an era, even though Bittrex has already lost its prestigious spot in the crypto market years ago.

Here's their tweet about it:

https://twitter.com/BittrexGlobal/status/1726652430673121310

Here's the more detailed announcement from their website: https://bittrexglobal.com/.
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