Bittrex New York users were forced to transfer funds after the cryptocurrency license application was rejected

According to Sludgefeed, on April 11th, Seattle-based cryptocurrency exchange Bittrex reduced the transaction costs of New York users to 0% to help them transfer funds out of the platform. Earlier, the New York Financial Services Authority (NYDFS) rejected the exchange's Bitcoin license application and ordered Bittrex to cease operations in New York State and close the business within 60 days.