Bankrupt Bittrex Will Soon Be 'Up And Running' For Crypto Withdrawls, Judge Says
Portfolio Pulse from Murtuza Merchant
Bankrupt Bittrex's U.S. subsidiary has been granted permission by a Delaware bankruptcy court to enable customer withdrawals starting June 15. The exchange still owes a substantial amount due to sanctions violations. Bittrex, like Binance and Coinbase, has faced accusations from U.S. regulatory authorities for operating as an unregistered securities exchange.
June 14, 2023 | 4:14 pm
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NEGATIVE IMPACT
Bittrex, like Coinbase, has faced accusations from U.S. regulatory authorities for operating as an unregistered securities exchange.
The mention of Coinbase in the context of Bittrex's bankruptcy and regulatory issues highlights the potential risks that Coinbase may face from regulatory authorities. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50