One of the leading cryptocurrency exchange, Bitfinex, has just announced that it is pulling out of the US crypto market due to the challenging regulation by the US authority. In a recent statement by the exchange, existing US customers have Up to 90 days to discontinue all trading and 5 days to withdraw their ethereum- ERC20 tokens stored on the exchange.
This is not a good news for US-based traders and investors of the IOTA token as Bitfinex is the major exchange for this future-technology token.
How does this affect you? Let's know in the comment.
Thank you for the information.
Although I don't use this exchange it still affects me: I know a lot of people shopping for exchanges, and naturally - this will greatly affect all US Cyrpto-currency holders.
That's what I realised. It will affect all traders and holders in the US either directly and indirectly. One good example is the inability of many potential investors to buy into IOTA.
Congratulations @acemedia! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPI had a question about earning interest for tokens that you lend out which can be done with Bitfinex.... now that Bitfinex will rid itself of US customers in less than 90 days.....Does Kraken or others do this type of "token lending" to earn extra tokens (EOS).........UGH The US government just makes everything difficult. Thanks in advance