Bittrex Global has announced that it will wind down its operations effective December 4, 2023, at 18:00 UTC. The venture has urged its users to log in to their accounts and withdraw funds as soon as possible. That is the last date and time for customers to trade assets, following which the operation will cease to function. However, the withdrawal process will go on until further notice in this regard.
Bittrex Global has expressed regret while assuring customers that their funds and data are safe under the law and its standard policy.
Customers can instantly withdraw their holdings in EUR and crypto at any time. Customers holding the US dollar will have to first convert it into EUR or crypto before withdrawing the fund. No specific crypto is mentioned in the announcement. Hence, it is safe to assume that Bittrex Global is allowing customers to convert their USD holdings into a digital token of their preference. The revised value will be in equivalence with the original value in terms of the number of tokens.
Bittrex Global has committed to offering a transparent and smooth withdrawal process. Although customers are permitted to continue trading on the platform, doing so is not advised. Instead, initiate the withdrawal of holdings. The community can anticipate an update from Bittrex Global regarding the fund removal deadline. Additionally, at 18:00 UTC on December 4, 2023, the client relationship with the organization will conclude. Other functions that will be affected are promotions and referral programs.
Promotions will no longer be applicable. Meaning, that customers will execute transactions according to the Bittrex Global fee schedule. The referral program has been terminated with immediate effect. November 19, 2023, marked the end of the Bittrex Global Referral Program. Rewards due as of that date will be settled in the days to come.
It is recommended not to trust information coming from unofficial sources, for Bittrex Global is taking due measures to share all the details through its official website and social media handles.
Two functions of Bittrex Global that will stand still in these times are Customer Support and Data Protection. Customer support service will be available as usual to customers who are facing issues. Customers can create a support ticket on the official website of the company. Data protection will be effective as per the law and their standard policies.
It is recommended to not trust information coming from unofficial sources, for Bittrex Global is taking due measures to share all the details through its official website and social media handles.
Customers are not precisely happy with the announcement, nor are they happy with how the withdrawal process is happening. Most of them have reported facing the issue of withdrawing their IOTA tokens to another wallet. Some customers have also expressed grief, calling Bittrex Global one of the best platforms they have come across recently.
Source: https://www.cryptonewsz.com/bittrex-global-is-winding-down-its-operations/