[ANN] Bittrex - Next generation exchange (btc/ltc/eac/ppc/rdd/ftc/and more)

[Murat]

Bittrex updates for the first 15 Day of October -

Bittrex Technology Platform to Power New Bittrex Global Digital Asset Trading Exchange

What role does Bittrex International play in IEOs?

Token Listing -

OCT 9

The Pledge Coin (PLG)

Website - https://pledgecamp.com/

The VeChain (VET)

Website - https://www.vechain.org/

OCT 10

The Six Network (SIX)

Website - https://six.network

[Bttzed03]

Bittrex International Halts Service in Venezuela and 30 More Countries

Bittrex is no longer that international?
US government having a hand again with this recent move?

[Raja_MBZ]

Bittrex International Halts Service in Venezuela and 30 More Countries

Bittrex is no longer that international?
US government having a hand again with this recent move?

Wow, that's a big number of countries! While Binance is trying to expand its services across the globe, Bittrex seems to be busy in getting scaled-down even further.

[Raja_MBZ]

Bittrex International Halts Service in Venezuela and 30 More Countries

Bittrex is no longer that international?
US government having a hand again with this recent move?

Wow, that's a big number of countries! While Binance is trying to expand its services across the globe, Bittrex seems to be busy in getting scaled-down even further.

Finally, an official announcement regarding this update:

Bittrex International Update & Bittrex Global Launch

https://medium.com/bittrex/bittrex-international-update-bittrex-global-launch-2f64fca503fd

[squatter]

Bittrex International Halts Service in Venezuela and 30 More Countries

Bittrex is no longer that international?
US government having a hand again with this recent move?

Wow, that's a big number of countries! While Binance is trying to expand its services across the globe, Bittrex seems to be busy in getting scaled-down even further.

About half of them are subject to OFAC sanctions or are FATF monitored jurisdictions. I suppose those are no surprise. For those that aren't, the common thread seems to be "higher risk" AML ratings and lack of EU-whitelist equivalent AML legislation.

The exchanges are going into full compliance mode one by one.

[logfiles]

Wow, that's a big number of countries! While Binance is trying to expand its services across the globe, Bittrex seems to be busy in getting scaled-down even further.

I tell you.. So weird, isn't it?
I just looked at the list and most of the countries in there are countries that actually need more crypto adoption. What bittrex is doing is the direct opposite of the main goal of cryptos.

They should as well just close down their business.

[nydiacaskey01]

Here's the complete list of the 31 countries that Bittrex removed from their list where service is available

1. Afghanistan
2. Bosnia and Herzegovina
3. Botswana
4. Cambodia
5. the Central African Republic
6. the Democratic Republic of the Congo
7. Côte d'Ivoire
8. Egypt
9. Ethiopia
10. Eritrea
11. Ghana
12. Guinea
13. Guinea-Bissau
14. Guyana
15. Iraq
16. Ivory Coast
17. Laos
18. Lebanon
19. Libya
20. Maldives
21. Pakistan
22. Sri Lanka
23. Somalia
24. Sudan
25. South Sudan
26. Trinidad and Tobago
27. Tunisia
28. Uganda 
29. Yemen
30. Venezuela
31. Zimbabwe

[NathanJB]

Here's the complete list of the 31 countries that Bittrex removed from their list where service is available

1. Afghanistan
2. Bosnia and Herzegovina
3. Botswana
4. Cambodia
5. the Central African Republic
6. the Democratic Republic of the Congo
7. Côte d'Ivoire
8. Egypt
9. Ethiopia
10. Eritrea
11. Ghana
12. Guinea
13. Guinea-Bissau
14. Guyana
15. Iraq
16. Ivory Coast
17. Laos
18. Lebanon
19. Libya
20. Maldives
21. Pakistan
22. Sri Lanka
23. Somalia
24. Sudan
25. South Sudan
26. Trinidad and Tobago
27. Tunisia
28. Uganda 
29. Yemen
30. Venezuela
31. Zimbabwe

It was even far from my thought that Bittrex is operating in countries such as Somalia, South Sudan, Afghanistan, and the rest. Thanks for this complete list though. The exchange platform must have received far below minimum market income from these countries. But it is worth noticing that even before removing their operations from the countries on the list, the volume of Bittrex is terribly dwindling down.

[JanpriX]

Here's the complete list of the 31 countries that Bittrex removed from their list where service is available

1. Afghanistan
2. Bosnia and Herzegovina
3. Botswana
4. Cambodia
5. the Central African Republic
6. the Democratic Republic of the Congo
7. Côte d'Ivoire
8. Egypt
9. Ethiopia
10. Eritrea
11. Ghana
12. Guinea
13. Guinea-Bissau
14. Guyana
15. Iraq
16. Ivory Coast
17. Laos
18. Lebanon
19. Libya
20. Maldives
21. Pakistan
22. Sri Lanka
23. Somalia
24. Sudan
25. South Sudan
26. Trinidad and Tobago
27. Tunisia
28. Uganda 
29. Yemen
30. Venezuela
31. Zimbabwe

It was even far from my thought that Bittrex is operating in countries such as Somalia, South Sudan, Afghanistan, and the rest. Thanks for this complete list though. The exchange platform must have received far below minimum market income from these countries. But it is worth noticing that even before removing their operations from the countries on the list, the volume of Bittrex is terribly dwindling down.

As @malevolent said in his previous post, the ICO craze has dwindled down and this provided negative impact to many exchanges that cater different coins. Their volume will obviously get affected by it and thus their profit from it will be diminished significantly. Also, the hands of different government bodies are reaching these exchanges and forcing them to comply with rules.

Based on these happenings, I'm not surprised with what's Bittrex has been doing in the past months. My take on this is that if you are still trading with them, better get all your coins out and do your business elsewhere. The future is not bright for an exchange especially if it's been always hammered down by the government.

[BayAreaCoins]

Here's the complete list of the 31 countries that Bittrex removed from their list where service is available

1. Afghanistan
2. Bosnia and Herzegovina
3. Botswana
4. Cambodia
5. the Central African Republic
6. the Democratic Republic of the Congo
7. Côte d'Ivoire
8. Egypt
9. Ethiopia
10. Eritrea
11. Ghana
12. Guinea
13. Guinea-Bissau
14. Guyana
15. Iraq
16. Ivory Coast
17. Laos
18. Lebanon
19. Libya
20. Maldives
21. Pakistan
22. Sri Lanka
23. Somalia
24. Sudan
25. South Sudan
26. Trinidad and Tobago
27. Tunisia
28. Uganda 
29. Yemen
30. Venezuela
31. Zimbabwe

Weird...

[Labrader]

It seems the credits are gone. All my open orders with credits were cancelled and I no longer have credits in the account.

[Raja_MBZ]

It seems the credits are gone. All my open orders with credits were cancelled and I no longer have credits in the account.

Yup, mine too. They've expired. We were supposed to use them all by 22nd October.

[nydiacaskey01]

It seems the credits are gone. All my open orders with credits were cancelled and I no longer have credits in the account.

Yup, mine too. They've expired. We were supposed to use them all by 22nd October.

Perhaps Bittrex has a change of plans on those credits but its weird that they did not make any announcement about the sudden change of plans or offer any explanations to those who lost their credit. This kind of move of exchanges like Bittrex is the reason why they move or take their business elsewhere. Its like they dont value their client because if they do, they will inform any type of changes in the site to all their clients.

[Raja_MBZ]

It seems the credits are gone. All my open orders with credits were cancelled and I no longer have credits in the account.

Yup, mine too. They've expired. We were supposed to use them all by 22nd October.

Perhaps Bittrex has a change of plans on those credits but its weird that they did not make any announcement about the sudden change of plans or offer any explanations to those who lost their credit. This kind of move of exchanges like Bittrex is the reason why they move or take their business elsewhere. Its like they dont value their client because if they do, they will inform any type of changes in the site to all their clients.

They did mention that date; read the last sentence of the first paragraph:

[pooya87]

they have been losing traders and volume and with that they are losing revenue, with the recent ban of another 30+ countries they sank more in the ranking on coinmarketcap and went above 100. now they are trying to get some volume back by giving people some free money (the $25 "credit") but i don't think it can save their business anymore, it is sinking ever since they decided to scam their users. now they have to report fake volume to remain close to 100 and not drop anymore...

[JollyGood]

they have been losing traders and volume and with that they are losing revenue, with the recent ban of another 30+ countries they sank more in the ranking on coinmarketcap and went above 100. now they are trying to get some volume back by giving people some free money (the $25 "credit") but i don't think it can save their business anymore, it is sinking ever since they decided to scam their users. now they have to report fake volume to remain close to 100 and not drop anymore...

Do you really believe they are faking volume? Is there any evidence for this?

If true, this will be a very big problem for Bittrex as more and more users will walk away.

[pooya87]

Do you really believe they are faking volume? Is there any evidence for this?
If true, this will be a very big problem for Bittrex as more and more users will walk away.

every exchange is faking volume to some extent specially those that are in competition since there are alternatives that do the exact same thing as them. a one-big exchange like bittrex which was near rank 1 that has lots all of its users (they walked away a while ago when they pulled their scam) is surely faking volume. there are also ways that you can verify it which i am not going to waste my time about, methods such as watching the order books and order history and comparing them for size frequency and shady behavior.

[JollyGood]

Do you really believe they are faking volume? Is there any evidence for this?
If true, this will be a very big problem for Bittrex as more and more users will walk away.

every exchange is faking volume to some extent specially those that are in competition since there are alternatives that do the exact same thing as them. a one-big exchange like bittrex which was near rank 1 that has lots all of its users (they walked away a while ago when they pulled their scam) is surely faking volume. there are also ways that you can verify it which i am not going to waste my time about, methods such as watching the order books and order history and comparing them for size frequency and shady behavior.

Yes order books are great indication when people are checking if exchanges are inflating figures or not.

It seems a pity Bittrex had issues in the past with its users. If they sort themselves out and focus on their structure maybe the users will return or at least no new accusations will be made against them.

[Raja_MBZ]

Okay, so now it's time for Bittrex International to close and get replaced by a new global version of Bittrex?

Crypto exchange Bittrex to launch new Liechtenstein-based trading platform, close Bittrex International

https://tokenpost.com/Crypto-exchange-Bittrex-to-launch-new-Liechtenstein-based-trading-platform-close-Bittrex-International-3929

[nydiacaskey01]

Okay, so now it's time for Bittrex International to close and get replaced by a new global version of Bittrex?

Crypto exchange Bittrex to launch new Liechtenstein-based trading platform, close Bittrex International

https://tokenpost.com/Crypto-exchange-Bittrex-to-launch-new-Liechtenstein-based-trading-platform-close-Bittrex-International-3929

I don't think there will be some major changes aside from the address where the business of Bittrex is located or head quartered. Bittrex International is based in Malta while Bittrex Global will be based in Liechtenstein. Literally Bittrex needs to close their business since they are moving to another country, so headline is correct in someway. To those who doesn't know where Liechtenstein is located, its principality between Austria and Switzerland.