Was Bittrex an unregistered broker?

As alleged in the SEC’s complaint filed on April 17, 2023 in U.S. District Court for the Western District of Washington, Bittrex acted as an unregistered broker, exchange, and clearing agency by providing services to U.S. investors in connection with crypto assets that the SEC’s complaint alleges were offered and sold as securities.

What is Bittrex exchange?

Thus, Bittrex Exchange allows high-frequency trading network, which is both robust and reliable. The trading experience for individuals or business owners has become overwhelming. Bittrex is also tested for a secure network to assure quality as per industry standards.

How much does Bittrex charge a maker?

Makers are often rewarded for creating liquidity on the platform by a lower trading fee than takers. Exchanges that do not make a distinction between takers and makers charge what we call “flat fees”. Bittrex charges 0.75% for both takers and makers.

Why did the SEC investigate Bittrex?

The SEC alleged in its complaint, which was filed in a U.S. district court in Washington, that Shihara coordinated with crypto asset issuers seeking to make their tokens available for trading on Bittrex's platform to delete public statements that Shihara believed would lead regulators to investigate those token offerings as securities.