Bittrex Exchange To Wind Down Operations In The US – April 3

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$27,992

Bitcoin price is currently hovering around the $28,000 mark, trading within a $1,000 range over the last 24 hours.

Top-20 altcoins have had an underwhelming performance over the last day of trading, as Ether remains unchanged, BNB falls 1% and XRP drops 4%.

Top Stories for April 3, 2022 🔥

👉 Bittrex Exchange To Wind Down Operations In The US

Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States, citing regulatory and economic challenges.

Bittrex clarified that US customers don’t have to worry about the safety of their funds, as all of their capital is safe and available for withdrawal. The platform will permit trading until April 14, 2023, but advised customers to withdraw all funds by April 30, 2023.

Bittrex co-founder and CEO Richie Lai said that regulatory requirements have become increasingly “unclear” and “enforced, without appropriate discussion or input,” leading to an uneven competitive landscape.

👉 Uniswap Beats Coinbase In Monthly Trading Volume, Again

Trading volume on decentralized exchange Uniswap exceeded that of Coinbase for the second consecutive month. Uniswap’s spot market volume reached $71.6 billion in March – a 45% increase from Coinbase’s $49.4 billion in the same period.

The “win” came despite Coinbase’s improvement from February’s $40 billion volume, as Uniswap posted its greatest trading volume numbers since January 2022.

👉 Traditional Banks Partner To Trade Digital Bonds On The Blockchain

Taditional banks Credit Agricole CIB and SEB have partnered to develop Sobond, a blockchain-based platform for digital bonds. Companies will be able to issue digital bonds on the platform, and users will be able to manage securities and raise capital through smart contracts.

The platform aims to improve efficiency and enable real-time data synchronization. The two banks are using a validation protocol called Proof-of-Climate Awareness, which encourages users to minimize their environmental footprint. The platform will be the first use case operating under the protocol in global capital markets.