Bitfinex will be terminating trading, deposits and withdrawal functionality for all U.S. customers, which will come into effect no later than November 9, 2017. The announcement urges all U.S.-based customers to withdraw their cryptocurrency tokens before the deadline.
With the SEC starting to crack down on ICOs deemed as securities that would be subject to existing financial regulations, do you see other exchanges following suit and exiting the U.S. Market?
I dont know why they are going to restrict US customers. I like their exchange and have bought and traded Iota there lately. I dont know if US customers will be able to buy Iota for a while after that deadline.
I am assuming that all the rest of the exchanges will still serve US customers as normal. I plan on still using some of the other ones but Ive used in the past like Poloniex. The good thing is that they gave us about a three month warning in advance of the deadline so we have had plenty of time to make other arrangements.