According to latest reports, New York-based bitcoin exchange itBit is going to end its services in Texas. A Reddit user going by the name Zapf03, posted the email sent by itBit team:
“We regret to inform you that starting today, itBit will no longer be supporting Texas residents. Your existing account may not be used to trade on our exchange or OTC trading desk.
Your account currently contains fiat and/or bitcoin funds. We ask that you please withdraw all funds from your itBit trading account by close of business on Thursday, April 14th. You can view our withdrawal instructions here.
All funds that remain in the account after April 14th will be frozen until you contact us at [email protected].
Thank you for being an itBit customer. We will contact you if our status in Texas changes in the future.”
The company has not provided any details that led it to stop its services in Texas. itBit spokesman Kyle Arteaga told CoinDesk:
"I can confirm that itBit is no longer supporting Texas residents at this time."
The news follows the company’s expansion to Europe. In February, itBit opened its London office in order to expand its services to Europe, the Middle East and Africa.
