The crypto exchange Bittrex Global announced on 20th November that it is winding down its operations. All trading activity on the platform will cease by 4th December. Users have been asked to withdraw their funds by the date. The platform will allow only specific withdrawals later. The fortune of the exchange looks similar to that of its US arm that collapsed this year following regulatory action. In April, the US Securities and Exchange Commission (SEC) sued Bittrex US for allegedly operating as an unregistered broker, exchange and clearing agency. The agency also pursued charges against Bittrex Global. Subsequently, Bittrex US filed for bankruptcy in May. The court cleared its bankruptcy plan in October, following which it could start selling off its US assets.