- Bittrex's U.S. business has had a rough year.
- The firm has decided to throw in the towel.
- Mixed reactions have trailed Bittrex's decision.
The firm later announced that it would be winding down business on U.S. shores on April 30, citing growing regulatory uncertainty. Despite this, the U.S. Securities and Exchange Commission did not hold back from slapping Bittrex with a lawsuit for the alleged operation of an unregistered securities exchange in the same month.
Bittrex has now filed for Chapter 11 bankruptcy protection in federal court in Delaware, per a statement on Monday, May 8. The largely unexpected decision has elicited...