The last one year has bared the difficulties of the crypto industry; a good number of CEXs have faced challenges, often exiting certain regions, filing for bankruptcy or outrightly cease operations. This reminds us that the crypto industry is still in an unstable state, and crucially demands investors to be aware of the risks involved before delving in.
On outright closure of operations, another one bites the dust—Bittrex Global, once one of the leading crypto exchanges in the United States, has announced that it will be closing its operations effective on December 4.
Although a sad ending for what had once been a top exchange, this is not to be mistaken as the end of the crypto industry, afterall the industry has proven to be immune to whatever hard times thrown at it. The uglier abrupt shutdown of FTX is still fresh in several investors’ memory, the crypto industry of course demonstrated its unwavering nature and moved on.
The crypto industry has been one of the fastest growing industries in the past decade and is constantly evolving, shake-ups like this are inevitable. The industry has seen worse days and pulled through, this too will pass by.
Kindly share your thoughts as an affected Bittrex user who’s still unsure where to migrate to. You can also share your thoughts as an observer.
On outright closure of operations, another one bites the dust—Bittrex Global, once one of the leading crypto exchanges in the United States, has announced that it will be closing its operations effective on December 4.
Although a sad ending for what had once been a top exchange, this is not to be mistaken as the end of the crypto industry, afterall the industry has proven to be immune to whatever hard times thrown at it. The uglier abrupt shutdown of FTX is still fresh in several investors’ memory, the crypto industry of course demonstrated its unwavering nature and moved on.
The crypto industry has been one of the fastest growing industries in the past decade and is constantly evolving, shake-ups like this are inevitable. The industry has seen worse days and pulled through, this too will pass by.
Kindly share your thoughts as an affected Bittrex user who’s still unsure where to migrate to. You can also share your thoughts as an observer.