Crypto exchange Bittrex moving headquarters from Malta to Liechtenstein

advertisement

Cryptocurrency exchange Bittrex has announced it is moving headquarters from the “Blockchain Island” Malta to Liechtenstein.

While the reason for the move was not disclosed, the exchange said it will be closing Bittrex International, which operates out of Malta, on Oct. 29.  Interestingly, just last month, Malta's financial regulator said that it will “actively monitor” licensed cryptocurrency businesses in the country to prevent money laundering.

Upon closure in Malta, Bittrex will operate under the brand Bittrex Global, out of Liechtenstein. “Once Bittrex Global launches, eligible Bittrex International customers, including corporate accounts, will be seamlessly redirected to Bittrex Global,” the exchange said.

The launch of Bittrex Global was announced earlier this month when the exchange said it will offer trading in cryptocurrencies per Liechtenstein’s Transaction Systems Based on Trustworthy Technologies Act, also known as the Blockchain Act.

Last week Bittrex announced it will be shutting down in 31 countries, including Venezuela and Zimbabwe, also on Oct. 29, due to "regulatory uncertainty."

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

The TRON Ecosystem Thrives Amidst Market Chaos

TRON DAO has announced the launch of a $10 million incentive fund in light of recent events to support Terra developers migrating to the TRON ecosystem, including TRON’s EVM compatible cross-chain solution BitTorrent Chain (BTTC), which helps facilitate the seamless transfer of assets across mainstream public chains, including TRON, Ethereum, and BNB Chain. 
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC