By Cryptocurrency exchange Bittrex recently announced that it will begin blocking users based in the USA from trading in 32 cryptocurrencies. The news was broken via a blog post published on June 7.
As per the announcement, as of June 21, traders in the U.S will no longer have access to several coins listed on the exchange, including STORJ and QTUM.
The exchange went on to note that U.S users will receive an email explaining which coins they’ll no longer have access and why. The exchange listed options for U.S traders who own the coins on the list which includes selling assets on behalf of traders, cancelling any orders and moving them off of the exchange.
Once the change comes into effect, U.S users will be unable to purchase or sell the 32 coins, and any pending orders involving said assets will be cancelled. Furthermore, limited functionality concerning the 32 assets will still be available to U.S customers, and the coins will be moved to the Bittrex International platform:
“U.S. Customers may withdraw or continue to hold in their Bittrex wallet affected Tokens/Coins for as long as Bittrex International supports a market in those Tokens/Coins.“
Bittrex International is the exchanges Euro-based affiliate. The European arm lists certain tokens which are currently only available on the international platform and not to customers in the USA.
As reported back in March, Bittrex cancelled its first initial exchange offering which it had plans to host upon the Bittrex International platform.
As reported by several crypto outlets last week, Binance’s decentralized exchange will block access to users in 29 countries, including the U.S.
Lastly, Bitcoin (BTC) trading volumes on major crypto exchanges, including Coinbase hit a high of 263,000 BTC on May 12, a volume that has not been seen since last year February.
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