Alt Coins Unavailable For American Traders on Bittrex & Binance

News regulations for cryptocurrency enthusiasts in the United States of America have been recently implemented on both Bittrex and Binance trading sites. These changes have no effects on customers outside of the U.S. and adversely leave American residents unable to trade many alt-coins on these trading platforms. These new changes were first implemented on June 28th, 2019. Trading pairs on these websites will shrink substantially for an undetermined time and may have adverse effects on the values of the effected coins because of a shrinking customer base until they possibly figure out ways to better comply with federal regulations.

On Bittrex.com 42 Alt-Tokens Are Unavailable for Americans

ADX 

CVC 

INCNT 

NGC 

PMA 

SPC 

AID 

DCT 

IOP 

NXT 

POT 

SRN 

ANT 

DMT 

LRC 

OCN 

POWR 

UP 

BFT 

EDG 

MCO

OMG 

RCN 

UPP 

BKX 

GNO 

MET 

PAL 

RLC 

VEE 

BLT 

GUP 

MLN 

PART 

RVR 

VIB 

BNT 

HMQ 

MOC 

PAY 

SNT 

WINGS 

New Regulations Come With Changes

While regulators are tightening their controls, they are also understanding that cryptocurrencies are likely to be a permanent part of the financial landscape moving into the future. It has been said that Binance would be closing it's doors to American Customer and is possibly considering the implementation of a specialized platform to facilitate American Cryptocurrency trading to be named Binance America.

Notably, in April 2019 Bittrex was declined a license to operate business in the State of New York on the grounds that the exchange was keeping inadequate records on a series of alt coins effected in these changes. Bittrex was also requested to kick out some of it's users to comply with the New York Department of Financial Services. It's unknown which coins may qualify to be relisted on American trading sites in the future. It's important to note that some coins are designed foundation up so that it's impossible to keep proper accounting records on their transactions, deeming them indefinitely in the dark moving forward into a new dawn of cryptocurrency development in civilization today.

Cryptocurrencies right now are revolutionizing the way we think about traditional banking systems by stabilizing and simplifying the movement of money throughout the world securely at a much less expense than traditional banking and check cashing services. Thousands of cryptocurrencies are available for you to trade right now. Live digital cryptocurrency exchanges can be done on trading platforms like Bittrex.com

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