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The news that Binance, the largest transaction cryptography purse in the world, has limited services to US customers has caused a shockwave throughout the cryptographic community. Today, it is Bittrex's turn that has followed suit by announcing that certain markets will no longer be accessible to US customers.
Cryptographic property transferred to Bittrex International
In an email addressed to its users and in an official announcement on its website, Bittrex, based in Seattle, Washington State, announced that it would dramatically alter market availability for US customers June 28th. The following list indicated a list of altons international platform.
Altcoin markets closing to US customers.
The exchange added that US customers will receive an additional email telling them what they may or may not do with their assigned tokens. After the affected modification date, US customers will no longer be able to buy or sell any of these tokens.
All pending orders will be canceled on the modification date, but users can still remove or keep the tokens in their Bittrex wallet as long as they are still supported on Bittrex International. Non-US customers will still be able to redeem all relevant tokens. The notice added;
"Like other industry participants, we will continue to advocate for laws and regulations that promote innovation."
In the FAQ section below, the announcement states that some markets will no longer be available to US customers and will have access to a smaller number of markets than those available to non-US customers on Bittrex International.
Bittrex said that portfolios and custody will remain "a reasonable time after market withdrawal" for US users. There was a vague answer to the question; "Does Bittrex leave the United States?", Which seems to indicate that the company is slowly moving its core business onto its international platform.
The cryptographic sphere is still charmed by the announcement by Binance yesterday that it would launch a US-based exchange with a limited number of chips. US regulators are putting constant pressure on the industry, resulting in drastic measures by cryptographic exchanges that end up punishing US citizens by limiting their options.
Neither Binance nor Bittrex would like to lose the huge slice of the US pie, but they must play football with capricious regulators and strict policies. Binance has decided to partner with BAM Trading Services, a FinCEN-listed company, to launch a US-compliant stock exchange.
Market reaction
A number of the small-cap altcoins mentioned in the Binance list have dropped somewhat in the announcement, but crypto markets are generally on the rise today, thanks to Bitcoin that broke resistance and again reached $ 8,700.
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