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Overview
Bittrex runs a platform for cryptocurrency trading and wallets. It provides fast trade execution, reliable digital wallets, and strong security measures to protect users’ funds. The service is aimed at both individual traders and institutional investors and operates globally, earning revenue from transaction fees and related services. Bittrex differentiates itself with a security-focused heritage (founded by cybersecurity engineers), a commitment to supporting new technologies, and a platform designed to handle high-demand trading while maintaining customer support. Its goal is to advance the blockchain industry by fostering innovation and driving transformative change across the crypto market.
About Bittrex
Industries
Fintech
Cybersecurity
Crypto & Web3
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Seattle, Washington
Founded
2014
Simplify's Take
What believers are saying
- Multi-state regulatory examinations identified compliance gaps enabling operational control strengthening.
- Resolved $53 million in Treasury fines, clearing past sanctions and AML violations.
- Bittrex Global GmbH settled $24 million SEC charges separately from US bankruptcy proceedings.
What critics are saying
- Florida OFR enforcement blocks bankruptcy discharge over customer asset segregation failures.
- Multi-state investigations by Texas, Maryland, Michigan regulators threaten coordinated fines and license revocations.
- Competitor Coinbase captured 25%+ US trading volume during Bittrex's operational shutdown.
What makes Bittrex unique
- Founded by three cybersecurity engineers in 2014 with industry-leading security practices.
- Served institutional investors and retail traders with lightning-fast trade execution capabilities.
- Operated separate legal entities for US and international markets with distinct compliance frameworks.
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Benefits
Fully remote or hybrid work options
Flexible PTO
401(k) participation with employer match
Top of the line health coverage
Health savings account (HSA)
Education and home office stipends
Company News
Bittrex Inc. relocated its base from Las Vegas to Seattle, Washington, and continues to provide cryptocurrency exchange services to US customers under US regulations.
The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017.
Crypto exchange Bittrex faces regulatory crunch and bankruptcy.
Additionally, Bittrex Inc.'s foreign affiliate, Bittrex Global GmbH, has also agreed to settle charges related to its failure to register as a national securities exchange.
In a significant development, Bittrex, a cryptocurrency exchange headquartered in Seattle, has reached a settlement agreement with the United States Securities and Exchange Commission (SEC), putting an end to a legal battle that has been ongoing since April.
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About Bittrex
Industries
Fintech
Cybersecurity
Crypto & Web3
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Seattle, Washington
Founded
2014
There are no jobs for Bittrex right now.
Find jobs on Simplify and start your career today