3 Major Indicators the Altcoin Season Might Skip a Year
It has been a very interesting week for Bitcoin in the price department.
The same can’t always be said about the altcoins, as they need a bullish Bitcoin to note any real gains of their own. This week, it became apparent that some of the bigger exchanges will introduce drastic changes. An interesting turn of events, albeit one that won’t harm the industry all that much.
Binance Exits the US
It was a matter of time until a big crypto trading platform decided to leave the United States behind. Despite being a country where there is plenty of Bitcoin and altcoin activity, it is evident the ongoing geo-political tensions make for an uneasy situation. Binance, currently the biggest trading platform in this industry, will bar US users in the next few months. However, this does not mean the company is abandoning its large US-based community either. A dedicated US-oriented trading platform will be created in the near future. While details are still scarce, it seems to indicate the altcoins will not have too much excitement to push them higher until the dust settles. For now, no major sell-offs are to be expected, albeit one never knows what the coming weeks may bring.
Bittrex Makes More Tokens Inaccessible to US Users
There appears to be a genuine crusade going on against cryptocurrency enthusiasts in the United States. Altcoin traders who frequent the Bittrex platform will see another few dozen tokens become inaccessible to them in less than two weeks from now. This news comes on the heels of 32 other tokens becoming inaccessible more recently. Among the list of newly mentioned tokens are the likes of Civic, Gnosis, Crypto.com, NXT, TenX, and several others. These assets can still be traded on Bittrex International, but the main platform will no longer provide these pairs to customers in the United States. Most of these tokens were sold through Initial Coin Offerings, which may have something to do with this recent decision.
Limited Availability of Tokens
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