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Leading cryptocurrency exchange Bittrex has announced that it will be shutting down Bittrex International, which is operated out of Malta, on October 29.
Coinciding with this closure is the launch of a new exchange, Bittrex Global, which will be headquartered in Liechtenstein. In an online post dated October 21, Bittrex said:
“Bittrex Global is a new European exchange utilizing the trusted Bittrex technology platform. Headquartered in Liechtenstein, Bittrex Global aspires to be the premier global exchange for trading new and innovative blockchain tokens.”
As per the details, eligible Bittrex International customers, including corporate accounts, will be seamlessly redirected to Bittrex Global once the new platform launches. They would be asked to accept the Bittrex Global Terms of Service in order to become a customer of Bittrex Global.
“Bittrex International was innovative and helped Bittrex foster the adoption of blockchain technologies worldwide,” said Bill Shihara, CEO of Bittrex, Inc. “We’re excited to license our technology platform to Bittrex Global, and I look forward to seeing what they have in store for the international blockchain community.”
Speaking at an event of last week, Bittrex Global CEO Kiran Raj said that Liechtenstein’s recent ratification of Blockchain Act, which will come into effect in January 2020, provides a comprehensive regulatory framework for the industry, making it “much easier for us to innovate quickly and efficiently, in a safe way for our customers.”
“As a citizen of Liechtenstein, a businessman in Liechtenstein, I’m particularly proud that we are a global pioneer with the recently passed Blockchain Act. This new Act provides an ideal framework for the blockchain industry, especially in finance,” HSH Prince Michael of Liechtenstein, said.
