SEC Slams Bittrex for Operating Illegal Exchange!"

[Coinpedia Fintech News]

The crypto world is in alarm as the US Securities and Exchange Commission targets Bittrex, one of the ‘winding up’ digital asset exchanges in the country. However, the SEC has accused Bittrex of violating investor protection laws, prompting the exchange to wind down its operations in the US market.

The SEC has been investing in Bittrex since 2017, when it opened a sweeping probe into the then-nascent crypto industry. At that time, it has issued multiple licences to Bittrex over the years, mainly aimed at understanding how it makes money and deciding which assets to list.

Now the main question that arises for all is: is this because of a lack of regulations, and what could be the future of cryptocurrencies?

[desmonddesk]

Despite Oliver Linch, CEO of Bittrex Global, expressing optimism in August and inviting us to join the platform, It's sad the results did not live up to expectations. Consequently, Bittrex has become one of the many cryptocurrency companies that have had to close down due to the current crypto regulatory concern. Well, I've found Bitget as an alternative. With their User Protection funds recently update, I would recommend Bittrex users to explore these alternative.

[Joseph Lee]

The crypto world is in alarm as the US Securities and Exchange Commission targets Bittrex, one of the ‘winding up’ digital asset exchanges in the country. However, the SEC has accused Bittrex of violating investor protection laws, prompting the exchange to wind down its operations in the US market.

The SEC has been investing in Bittrex since 2017, when it opened a sweeping probe into the then-nascent crypto industry. At that time, it has issued multiple licences to Bittrex over the years, mainly aimed at understanding how it makes money and deciding which assets to list.

Now the main question that arises for all is: is this because of a lack of regulations, and what could be the future of cryptocurrencies?

They never quite seemed to gain a solid footing in my opinion. Bittrex had all they needed to thrive but simply lacked efficient implementation. I have since moved funds from the CEX to Binance, and later to Bitget after binance started looking shaky. Something tells me BGB won't disappoint that easily