After nearly four months of being purposefully offline, popular crypto exchange Bittrex announced its reboot, complete with a new website. Within an hour, the company had to once again cease onboarding customers.
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Bittrex Reemerges
Bittrex CEO Bill Shihara explained, “We’ve spent the past four years building Bittrex on the founding principles of innovation, security and responsibility. Given these principles, pausing new user signups during a period of immense trading volume was not a decision we took lightly, but our responsibility to provide customers with a reliable platform and outstanding customer service, made it the right thing to do. After diligently working to improve our infrastructure and upgrade our website, we’re pleased to announce registration for new users resumed today.”
The last anyone had heard of the Seattle-based exchange, was when it revealed back in March “‘the decision to delist these tokens has been made on the basis of maintaining the company’s “strict coin listing criteria.’ Of the 82 digital tokens to be delisted, 28 have either ‘broken blockchains or wallets that will not allow withdrawals.’ Other tokens are set to be delisted due to thin liquidity,” these pages reported.
Just weeks prior to its delisting warning, Bittrex responded to US regulators’ calls by stressing it “is committed to incubating new blockchain technology projects and offering innovative, compliant digital tokens to our customers” adding how it also “look[s] forward to continuing [its] proactive dialogue with the SEC and other regulators on how to build a secure, fully-regulated environment for blockchain.”
Tuesday, 10 April, the exchanged confidently posted on its website, “In December, Bittrex temporarily paused signups for new users to preserve the experience, stability and security of the platform
