The U.S.-based crypto exchange Bittrex has officially denied the existence of any accounts belonging to North Korean users on its platform, according to a post published yesterday by the exchange on its official Twitter account.
Bittrex started its own investigation after the New York Department of Financial Services (NYDFS) claimed to have identified two North Korean traders operating on the platform. After investigating the two accounts allegedly belonging to users located in North Korea, the crypto exchange has come to the conclusion that the regulator was simply wrong.
According to the trading platform, these two users mistakenly chose North Korea as their country of residence during the registration process. Bittrex claims that they are operating from South Korea, which it has confirmed by tracking their physical and IP addresses.
Bittrex is currently ranked 58th in CoinMarketCap's ranking of the largest crypto exchanges by adjusted trading volume.
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