Bittrex is the premier U.S.-based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices.
Bittrex is a US-based cryptocurrency exchange headquartered in Seattle, Washington. The company was founded in 2013 by Bill Shihara and two business partners, all of whom previously worked as security professionals at Microsoft. The exchange is the thirteenth largest cryptocurrency exchange by daily trading volume, is renowned for the vast number of cryptocurrencies it has listed, and has a good reputation for its security. Bittrex is not a regulated exchange under US securities laws.
Corporate customers based in the U.S. states of Washington, California, New York and Montana may trade using U.S. dollars held in Signature Bank of New York.
The US SEC filed a complaint against Bittrex on April 17 with the US District Court for the Western District of Washington alleging the exchange listed unregistered securities.
The Bittrex motion to dismiss in its legal case with the SEC is similar to an earlier Coinbase filing as they both claim the SEC is operating outside its authority.
Earlier this year, the Seattle-based crypto exchange Bittrex announced its intent to wind down all its operations in the United States following heightened regulatory scrutiny by the SEC.
