Bittrex Global announces all trading will be disabled as it winds down operations

The announcement came roughly nine months after U.S.-based crypto exchange Bittrex said it would shutter operations in response to the country’s regulatory environment.

Liechtenstein-headquartered cryptocurrency exchange Bittrex Global has announced it plans to wind down operations starting with the suspension of trading activity on Dec. 4.

In a Nov. 20 update published to its website, Bittrex Global said all users with U.S. dollar holdings needed to convert their funds to Euros or cryptocurrency before Dec. 4 or risk being unable to withdraw the assets. On Dec. 4, the platform will suspend trading activities and only allow certain withdrawals.

“This decision was not made lightly, and we understand the inconvenience it may have on our valued customers,” said Bittrex Global.

The platform added:

“Do not make any deposits to our platform. We cannot guarantee that they will be received safely. If you do send a deposit, your funds may be permanently lost as a result of the attempted transfer.”