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Centralized Exchange

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Bittrex

VASP
United States
ethbtc

Description

Bittrex Global is a cryptocurrency exchange that was founded in 2014 by three cybersecurity engineers with a focus on trust and security. The company is based in Seattle, USA, and has a daily trading volume of around $300 million. The exchange provides access for institutional investor's digital asset trading platforms globally and offers hundreds of token markets, and it is adding new ones all the time. Bittrex Global employs the most reliable, effective security technologies available, and it leverages an elastic, multi-stage wallet strategy to ensure that the majority of funds are kept in cold storage for additional safety. The exchange also enables two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection. However, Bittrex Global's U.S. arm filed for bankruptcy and was subsequently shut down after being sued by the Securities and Exchange Commission (SEC) for allegedly operating a national securities exchange without the right approvals. The shutdown of Bittrex Global follows the winding down of its U.S. operations and the approval of its bankruptcy plan by a U.S. Bankruptcy Judge, allowing the company to emerge from bankruptcy with a wind-down plan that would pay remaining creditors in full[. The company has announced that it will stop trading on December 4 and has expressed regret over the inconvenience this decision may cause to its valued customers.
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