Bitcoin Forum

The best crypto exchange today is Bittrex, where they have registered nearly 200 cryptocurrency on the platform, revealing that they will limit 30 tokens to US-based customers.

Starting from June 21, Bittrex will stop offering 30 cryptos to US customers as a measure for regulatory uncertainties surrounding crypto tokens.

Some tokens that will be abolished have a high market capitalization. According to CoinMarketCap data, the total market value of the limited tokens of QTUM, STORJ, ENG, MFT, and FCT is worth more than $ 469 million.

Bittrex posted on their website the following announcement regarding token tokens:

"Effective on June 21, certain markets can no longer be accessed by US Customers.

This change does NOT affect the availability of these markets at Bittrex International for non-US Customers.

Friday, June 21

The following markets will transition to Bittrex International on June 21, 2019.

ADT CMCT GO MFT QRL XEL AMP DNT GTO MOBI QTUM XNK BAY DTA HYDRO NLC2 RFR BCPT ENG IHT NMR STORJ BLOCK FCT ION PRO STORM BOXX FLDC LBA PTOY SWT

 Bittrex is actually doing things that cannot increase their reputation. Perhaps because of the difficulties of the US government, they have partnered with a new team and created a new big exchange like BQQQ. it is operating in Asia and the laws seem a lot easier. they can freely implement their business strategy and increase the value of BQQQ exchange again.

This change only applies to US customers holding these specific Tokens / Coins. If you are not a US customer, today's announcement WILL NOT affect your ability to buy or sell relevant assets on the Bittrex International platform.

This year, Bittrex applied to New York Bitlicense to get the right to operate in the city, but they were refused because they were unsuccessful.

Do we call it witch hunting from bittrex, because even if the U.S government did not approve the U.S of their exchange for cryptocurrency trading,  the citizens can still use bittrex as they like since the crypto technology itself already protects their identity, bittrex is just trying to use United State to outshine other exchanges, they felt the influence of U.S will make them be the leading exchange, but unfortunately it backfired for them.

There are other countries that can accept them, it must not be united State, and they shouldn’t because of the rejection start punishing United State citizens, anyway, the market is too big and there are many fishes in the river, we have to many exchanges for the citizens to be worried over bittrex.

The content of your post does not represent the topic fully, you mentioned just U.S in the body of your post while you said several countries as topic. Since the policy is only governing U.S alone, I don’t see it really changing anything in the crypto market, this might even be another tactic by bittrex to pump certain coins, because I see no reason why they are limited to these unpopular coins.

If bittrex ban them, there are other exchanges where they can buy the tokens from like Binance, Huobi and many other great exchanges, bittrex is just coming up with policy that will not make any effect or make people to start hyping them.

Bittrex should be worried about all these regulations anyway, especially because their last few IEOs did very badly. As in,,, they sold out as usual but then the dumping happened so fast a lot of investors got quite angry. I have read that some are even considering to go into some legal disputes about all these issues, so you never know,,, these things cause regulators to open their eyes widely on these exchanges.