See More

Bittrex Announces Delisting of 42 Coins for US Users

2 mins
Updated by Adam James
Join our Trading Community on Telegram
Bittrex is feeling the pressure from regulators and many altcoins will soon be unavailable to users in the United States, starting on June 28, 2019. The changes will have no effect on non-U.S. customers using Bittrex International.
Beginning the June 28, the available trading pairs for US customers on Bittrex will shrink substantially. U.S. customers have until that date to transfer or sell their tokens. Bittrex

Bittrex: 42 Tokens Unavailable for Americans

Altogether, 42 tokens will be affected. The following tokens will only be on Bittrex International for approximately two more weeks.
ADX CVC INCNT NGC PMA SPC
AID DCT IOP NXT POT SRN
ANT DMT LRC OCN POWR UP
BFT EDG MCO OMG RCN UPP
BKX GNO MET PAL RLC VEE
BLT GUP MLN PART RVR VIB
BNT HMQ MOC PAY SNT WINGS
Bittrex said in a recent blog post that U.S. traders will receive an email providing them with guidance on how to best adapt to these changing circumstances. bittrex bitcoin

A Changing Regulatory Landscape

The news comes at a time when regulators have been tightening control over cryptocurrency exchanges. Recently, Binance said it would be closing its doors to American traders and would be migrating over to ‘Binance America.’ However, the exchange is also being forced to delist many altcoins for American traders — similar to Bittrex. Bittrex has been feeling the pressure from regulators for the past few months. In April, Bittrex was denied a license to operate in New York state and was forced to kick out some of its users. The New York Department of Financial Services said that the rejection was due to the exchange keeping ‘inadequate records’ on a large number of transactions. All the altcoins soon-to-be unavailable for U.S. traders will still be on Bittrex International. However, given Binance is also restricting American trading, we can expect the trading volume for many cryptocurrencies to drop significantly — especially those that have not been deemed legally compliant. Do you believe that the legal crackdown will significantly hurt the trading volume for many altcoins? Let us know your thoughts below. 
Top crypto platforms in the US | April 2024
Coinbase Coinbase Explore →
AlgosOne AlgosOne Explore →
Chain GPT Chain GPT Explore →
iTrustCapital iTrustCapital Explore →

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

photo_Anton_circle.jpg
Anton Lucian
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in.
READ FULL BIO
Sponsored
Sponsored