Bittrex Global, an Europe-based subsidiary of the Bittrex exchange has announced it will launch an exchange token in June.
The exchange declined to provide more details on the upcoming token.
The exchange said it could not launch the internal token earlier citing to "regulatory restrictions."
In March, Bittrex Global announced it had added several new features to its platform, including credit card support, a referral program as well as several improvements to its mobile app.
In October 2019, the exchange decided to relocate its business from Malta to Liechtenstein.
iHodl previously reported that approximately 70% of the crypto and blockchain startups that had completed the first step of the registration process in Malta do not manage to obtain a license to offer financial services in the country.
Back in 2018 Malta announced regulation of the crypto industry, claiming at the time that it is one of the most crypto friendly in the world. The Malta Financial Services Authority (MFSA) received 340 applications for crypto licenses last year, however, none of them has been approved so far.
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