BTC.sx Suspends Trading Due to MtGox Failure

BTC.sx, who offers trading in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term-based derivative instruments, has halted trading due to the cessation of MtGox operations. Without explicitly mentioning MtGox, their update reads as follows:

Dear Customers, Thank you for your continued support of BTC.SX, we really appreciate your custom. Unfortunately, due to the current closure of our main Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term partner, we regret we will be unable to take any further orders and our site will be suspended until further notice. All customer balances are secure and we will honour any withdrawal requests. For open positions, these will be liquidated and deposits will be refunded in full. We apologise for any inconvenience caused, we are working hard to integrate new exchanges and offer our service again as soon as possible. We will keep you informed of any update, all refunds will be processed in due course, thank you for your patience during this time.

They join Plus500 and eToro in shifting away from MtGox. It is unknown at this point which exchange BTC.sx plans on using moving forward for BTC price tracking.

Plus500 had allowed existing positions based on MtGox to remain open, only closing off the instrument to new positions. In this case, however, there's not much of a choice as MtGox has disappeared entirely.