Cryptocurrency Exchange Bittrex to Shut U.S. Operations

By Denny Jacob

Cryptocurrency exchange Bittrex Inc. on Friday said it will shutter its U.S. operations, citing ongoing regulatory uncertainty and disinterest from regulators.

Seattle-based Bittrex said its U.S. operations will wind down and close, effective April 30. It said all customer funds are safe and can be withdrawn until that date.

Chief Executive Richie Lai said U.S. policymakers and regulators are "seemingly committed to extinguishing the industry and sending it overseas" compared to their global counterparts.

Bittrex said its announcement doesn't affect Bittrex Global, which will continue to operate normally for its customers outside the U.S.

Write to Denny Jacob at [e-mail]

(END) Dow Jones Newswires

03-31-23 1548ET