Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty

Cryptocurrency exchange Bittrex is discontinuing operations in 31 countries, including Venezuela and Zimbabwe. The trading platform has justified its decision on the basis of the regulatory uncertainty in these jurisdictions. Some of the nations in the list are going through political turmoil and socio-economic challenges.

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Zimbabwe and Venezuela Among Restricted Nations

Bittrex International, the global trading platform managed by the Seattle-based digital asset exchange, has informed clients residing in the affected countries that they will no longer be able to use its services. The main reason for the decision lies in the unstable regulatory environment there, the company explained in an announcement published on its website this Friday.

“All trading and account access for these impacted customers will be halted on Tuesday, October 29 date at 19:00 UTC/21:00 CEST,” Bittrex detailed. Users have been asked…