Bittrex and Binance to delist a basket of tokens for U.S. Residents

The regulatory stance on cryptocurrencies has begun. Due to a strong regulatory push several exchanges will be limiting access to specific tokens for U.S. Residents. Bittrex is delisting tokens to U.S. Residents, while Binance exchange is shutting down access to its primary platform. Binance also states that it will be starting binance.us for US residents only.  This brings up several questions:

1. Will there be more tokens added to the list?
2. Will other exchanges follow suit? (Ex. Kraken, Bittrue, etc.)
3. Will this effect DEX exchanges like coinswitch.co and changelly.com?
4. How much volume will these tokens lose and is it worth keeping them?
5. Is this the beginning of the end of Binance and Bittrex?

There could be a lot more behind the enforcement, as it will force US residents to use platforms like Coinbase, Gemini, Bakkt and Fidelity. Guess it’s good to have friends in high places.

Please do your own research and make plans to move your assets to other platforms or wallets. In addition, because it a token may be red-lined today does not mean it won’t be available in the future. So don’t make any hasty decisions and sell a possible golden goose.

According to Bittrex, the following tokens altcoins will soon be unavailable to users in the United States, starting on June 28, 2019