Cryptocurrency exchange Bittrex announced that it was shutting down and urged its customers to withdraw their funds as soon as possible.
Cryptocurrency Exchange Bittrex Will Close on December 4
The decision comes after the company's US arm filed for bankruptcy protection earlier this year.
“It is with great sadness that we announce that Bittrex Global has decided to terminate its operations. This decision was not taken lightly and we understand the inconvenience it may cause to our valued customers,” the exchange said in a statement.
“All users are strongly encouraged to log into their accounts and withdraw their assets as soon as possible,” it said.
Bittrex Global CEO Oliver Linch has previously assured customers that if they are looking to do business with a regulated digital asset exchange outside the US, Bittrex Global is here for you.
The exchange was once one of the largest U.S. exchanges before its market share fell below 1% in 2021.
Bittrex's U.S. unit was forced to file for Chapter 11 bankruptcy protection in May after the Securities and Exchange Commission accused it of operating an unregistered exchange.
All trading activity on the platform will end on December 4, the exchange said in a statement.
*This is not investment advice.