Binance, the largest and most reputed cryptocurrency exchange in the world seems to have a larger impact on the cryptocurrency market than what was perceived. Bittrex, the Seattle-based exchange has followed suit announcing an update for their US customers.
On June 14, the Changpeng Zhao-led exchange updated their Terms of Service, which led to their US customers losing access to trading services on the exchange.
The restriction of US-based customers will be accompanied by the launch of Binance.US, an American specific cryptocurrency exchange, in association with FinCEN registered BAM trading services.
Less than a day after Binance announced its decision to quit, albeit temporarily, the US market, Bittrex revealed its “Market Availability Changes for U.S. Customer.” The change in service which will be effective from June 28 will see over forty cryptocurrencies “transition” to Bittrex International.
The terms stated,
“This change DOES NOT affect the availability of these markets on Bittrex International for non-U.S. Customers. “
Bittrex stated that the US customers can buy or sell the coins and tokens, any open order can be canceled or replaced or the assets can be withdrawn, all prior to the above-mentioned date.