Bittrex tackles European markets amid regulatory issues and falling market share

Bittrex struggled over the last two years amid problems with regulatory compliance and declining market share.

As a promotion, the exchange is lowering trading fees and adding Euro markets to expand its reach beyond the U.S. This is the first of such promotions.

Bittrex's market share fell from 30 percent in August 2017 to 2.4 percent in May 2019.

Bittrex recently announced it would be closing 32 of its markets to U.S. customers.

On June 21, the markets will transition to Bittrex International, the exchange's platform for non-U.S. customers.

The New York State Department of Financial Services ordered Bittrex to cease operations in the state of New York last month after denying its application for a BitLicense.

The promotion offers 0 percent maker and 0.15 percent taker fees on USD markets to traders with at least $30,000 in monthly trading volume since joining Bittrex.

Traders expecting to accrue $30,000 in volume can contact Bittrex to request inclusion in the program.

This promotion lasts until July 4 at 00:00 UTC. At that time, Bittrex will introduce a volume-based fee schedule for USD markets.

Bittrex is listed at number 22 on CryptoCompare's new benchmark for digital exchanges at the time of writing.