<p>The New York State Department of Financial Services (NYDFS), the financial regulator for the state, has requested cryptocurrency exchange Bittrex postpone account closures in New York until further notice.</p> <p>Bittrex <a href="https://twitter.com/BittrexUS/status/1187435205755392000?s=20">announced</a> the news Thursday, saying that the NYDFS's request means New York residents can continue to withdraw funds from the exchange, but may not deposit or trade.</p> <p>On Apr. 10, the NYDFS<a href="https://www.theblockcrypto.com/daily/19097/bittrex-customers-were-using-fake-names-like-donald-duck-and-elvis-to-trade-and-now-the-exchange-has-to-leave-new-york"> denied</a> Bittrex a <a href="https://www.theblockcrypto.com/daily/tag/bitlicense">BitLicense</a>, primarily due to deficiencies in its compliance program, and asked the exchange to cease all operations in the state within 60 days i.e. by June 9.</p> <p>Later, on June 28, the regulator <a href="https://bittrex.zendesk.com/hc/en-us/articles/360029715492-Important-Information-for-New-York-Customers">asked</a> Bittrex to reopen the ability for NY residents to withdraw their crypto holdings until Oct. 24, for those who may have missed the deadline.</p> <p>Now Thursday’s request means Bittrex’s around 35,000 New York customers can continue to withdraw funds until further notice.</p> <p>It is not clear why the regulator has made the request. The Block has reached out to both Bittrex and the NYDFS and will update this story if they reply.</p> <p>Earlier this week, Bittrex <a href="https://www.theblockcrypto.com/linked/44119/crypto-exchange-bittrex-moving-headquarters-from-malta-to-liechtenstein">announced</a> that it is moving headquarters from Malta to Liechtenstein on Oct. 29, and will operate under the brand Bittrex Global.</p>