Bittrex Global CEO: The company will contest the SEC's charges and has not provided services to U.S. customers

ChainCatcher news, Bittrex Global CEO Oliver Lynch stated in an interview that the U.S. Securities and Exchange Commission (SEC) accusing the cryptocurrency exchange Bittrex Global GmbH of violating local securities laws is "incorrect." Lynch mentioned that Bittrex Global was unaware it was the subject of an SEC investigation before receiving a notification that the SEC had "reached a preliminary conclusion." He added that the regulatory agency did not give Bittrex Global the opportunity to "explain the facts." Furthermore, Lynch claimed that the company "never claimed to provide services in the U.S." and would "strongly" defend its position that it has no customers in the U.S. Additionally, he stated that Bittrex's closure does not affect Bittrex Global's global operations, "Bittrex is a completely independent legal entity that only provides services in the U.S. and only serves U.S. customers. Global continues to serve customers in other parts of the world as usual."

ChainCatcher previously reported that the SEC issued a Wells notice to Bittrex in March this year, accusing Bittrex of operating as an exchange, broker-dealer, and securities exchange without registering with the regulatory agency, violating the law, which will close its U.S. operations on April 30. (Source link)