Bitfinex Bans U.S. Customers Starting November 9th

coindispatch on October 17, 2017

Digital currency trading exchange Bitfinex has affirmed it will hinder all United States customers from trading on its platform by November 9, as administrative vulnerability chomps at the bit amid regulation hikes.

In its most recent blog entry on Monday, October 16th, renowned bitcoin exchange Bitfinex, which as of now forbids U.S. users from even getting onto it’s trading platform, said they should now evacuate all facilitated tokens within their domain.

Digital currency trading exchaning Bitfinex has affirmed it will hinder all United States customers from trading on its platform by November 9, as administrative vulnerability chomps at the bit amid regulation hikes.

In its most recent blog entry on Monday, October 16th, renowned bitcoin exchange Bitfinex, which as of now forbids U.S. users from even getting onto it’s trading platform, said they should now evacuate all facilitated tokens within their domain.

The cryptocurrency exchange will make a full exit from the US market in the next few weeks, a move which has been on the cards for some time now as patchwork regulation had been pending and there had been difficulty securing “compliant banking solutions” in the meantime, which began causing increasing headaches amidst the exchange.

Prior to Bitfinex’s “one-size-fits-all” stance which they are clearly taking now, the digital currency exchange had barred only specific states in the U.S. in order to obey the law, but obviously something has happened behind the scenes that is putting the company at too much risk, which would explain their recent departure from the U.S. market.

If you have coins on the Bitfinex exchange, you are still able to sell them and withdraw prior to the Nov 9th deadline, and there will be select post-deadline wallet management according to account history.

Most people are not suprised this is happening, and quite a few are claim other large exchanges may be next.