Bittrex Says It Never Sought To Collaborate With Ukrainian Government

Bittrex Collaborate Ukrainian Government
Bittrex Collaborate Ukrainian Government

According to a Ukrainian government official, the United States cryptocurrency exchange Bittrex sought to collaborate with the Ukrainian government on developing the country’s cryptocurrency industry.

During an interview with domestic blockchain media outlet ForkLog, Alexander Bornyakov, Deputy Minister of Digital Transformation claimed that Bittrex contacted the Ukrainian government for this.

Citing Ukraine’s recent memorandum of understanding with Binance to collaborate on creating crypto legislation in the country, Bornyakov said, “After we announced it, we began receiving requests from Bittrex, from Coinbase.”

local publications, reported Bornyakov’s statement interpreting it as Coinbase and Bittrex seeking to open offices in Ukraine.

According to, Cointelegraph they contacted both exchanges for clarification and a Bittrex spokesperson denied Bornyakov’s statement, saying, “We would like to confirm that no one from Bittrex Global has been in contact with an official of the Ukrainian government.” Another spokesperson said:

“Bittrex is committed to helping foster innovation of blockchain technology around the world. However, Bittrex has not reached out to Ukraine’s Deputy Minister of Digital Transformation to partner with them.”

Both Bittrex and Bornyakov are yet to respond to this.

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