Bittrex, a Seattle-based crypto exchange, has announced that it will shutter its services in the US market from April 30, 2023, due to regulatory uncertainty. Users have until April 14, 2023, to trade their assets, following which they will have to start wrapping up their portfolios. Bittrex has assured that customer funds are safe, and the focus is now on expanding Bittrex Global outside the US market. The announcement follows Bittrex's layoff of 83 employees in February, citing a market downturn in the crypto ecosystem. Bittrex is not the only crypto venture suffering from regulatory uncertainty, with Kraken and Coinbase also facing challenges.

(By David Cox)