Dexes destroyed the long-tail crypto exchange. Consolidation and shut downs are coming. Regulation is certainly an issue but the truth is Bittrex doesn’t really need to exist anymore. Cross-chain swaps are possible with wrapped assets, atomic swaps, and operations like FixedFloat. End of an era but the market has spoken. Whatever benefits a centralized exchange provides are better with deeper liquidity and larger exchanges like Coinbase and Binance.<p>I also believe Gemini is on its last legs. The SEC combined with anemic volumes, GUSD went nowhere, Nifty Gateway market collapsed, Gemini Earn is in bankruptcy. Winklevoss will just buy and hold BTC from now on.
How confusing! I thought the headline referred to the ultra-bitter chemical that stops kids eating things they shouldn't. But that "bitrex" just has one T.<p>Fun fact, Nintendo Switch cartridges are coated in it.
I started using Bittrex in 2017 because they had support for altcoins I wanted to gamble with. Sadly, over the years they abruptly dropped support for coins with barely any notice, and it was a pain to keep up with them. While I'm sad to see them go, I'm sort of looking forward to being forced to move my coins out of their exchange. Unfortunately none of the other exchanges I use have support for some of the altcoins I had on Bittrex, so I'm either going to have to dump those into BTC/DOGE/etc. or spin up my own wallet.<p>I guess this is good for Bitcoin in the absolute shortest term... I expect Bitcoin/maincoin dominance will go up if Bittrex has any reasonable volume.
This is a stupid title though. It's just Bittrex US. I can't think of a worse country to do crypto business in so it should come as no surprise. Bittrex Global seems perfectly fine.
Crypto getting killed to lock us into cbdc. Banks that don't play will be "rescued". Only big exchanges left that will be heavily locked down.
I have always liked Bittrex. Have been a user for many years now. Indeed they’ve never been hacked and their support is pretty good. Sad to see this happen.<p>Have to say that as an EU based user I feel a bit uneasy about this though. Perhaps it’s time for some cold wallets or, as I’m reading here, a dex.