Bittrex Quits US, Cites Unfavorable Regulatory Environment

Crypto exchange Bittrex is leaving the United States, citing regulatory issues which have created an uneven competitive landscape.  The CEO and co-founder, Richie Lai, announced this move on March 31, blaming the exchange’s decision on “the current US regulatory and economic environment.” Thank you everyone…. <3 ;( pic.twitter.com/kq8nTRT0Aj — Richie Lai (@richiela) March 31, 2023 According to Lai, the exchange’s users’ funds remain safe and would be available for immediate withdrawal. The team plans to focus on expanding Bittrex Global outside the US. Bittrex’s Regulatory Struggle Bittrex has had its fair share of problems with regulators. In October 2022, the Treasury’s Office of Foreign