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Exchanges

Bittrex set to block US residents from 32 crypto assets

June 8, 2019, 10:12AM EDT

Cryptocurrency exchange operator Bittrex is set to wall off over 30 cryptocurrencies from its American traders, the firm announced in a blog post Friday.

The announcement follows a similar move by Poloniex, another US-based exchange, which "geo-fenced" 9 assets from its American clients, both a sign of the uncertain regulatory climate in the digital asset market. 

Bittrex, which offers trading of over 200 cryptocurrencies, said customers will be sent an email communicating how the delisting process will impact their holdings. Trading of the soon-to-be banned coins will cease on June 21. Customers have the option to store their coins on a Bittrex wallet after that date. 

"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," the firm said. 

QTUM, STORJ, ENG, MFT and FCT are among the coins being walled off. 

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