Bittrex is closing its services in 31 countries, including 9 Arab countries that you know about
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Answer Bittrex is closing its services in 31 countries, including 9 Arab countries that you know about
Cryptocurrency exchange Bittrex announced on October 18 that it will be withdrawing and discontinuing its services by October 29.
Bittrex, which was established in 2014 in the USA, is currently one of the 50 largest trading platforms in terms of trading volume.
The announcement of the platform’s suspension of its services for 31 countries comes within the framework of regulatory uncertainty in addition to weak trading in the concerned countries, according to some analysts.
As the countries concerned with the ban do not represent an active market for the Bittrex platform, except for the country of Venezuela, which suffers from unstable economic conditions, and most of its residents turn to cryptocurrencies.
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As for the date of stopping Bittrex platform services, it is set on October 29th at 19:00 UTC.
Accordingly, users must withdraw their balance before the indicated date.
Provided that the amount to be withdrawn reaches the minimum specified at 0.00150001 Bitcoin.
As for the countries concerned with stopping Bittrex platform services, they are 31 countries, including 9 Arab countries, as follows:
Afghanistan, Bosnia and Herzegovina, Botswana, Cambodia, Central African Republic, Democratic Republic of the Congo, Côte d’Ivoire, Ethiopia, Eritrea, Ghana, Guinea, Guinea-Bissau, Guyana, Laos, Maldives, Pakistan, Sri Lanka, Trinidad and Tobago, Uganda, Vanuatu, Venezuela , Zimbabwe.
As for the Arab countries, they are as follows:
Egypt, Lebanon, Libya, Iraq, Somalia, Sudan, South Sudan, Yemen, Tunisia.
In order to be able to withdraw, an external wallet address must be created to withdraw the funds deposited in the platform.
This is done by Bittrex platform publish A step-by-step guide to help customers understand the process.
It is worth noting that earlier in June, Bittrex reduced its trading options for US-based traders on the platform by deleting 42 currencies and crypto-tokens.
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