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Bittrex | RAID | RAID Token | Cryptocurrency  Exchange

The US-based cryptocurrency exchange Bittrex cancels an “initial exchange offering” (IEO), just hours before it’s launch. Reportedly, the Raid Project intended to mince around  $6 million through the token called XRD’s sale to the exchange’s customers.

However, the exchange said that it called off the sale after learning that the issuer’s strategic partnership with an e-gaming data analytics company OP.GG had been abruptly terminated.

What Bittrex Said?

The exchange said in a statement, that the said alliance “was a vital part of the RAID project”. The firm elaborated:

“When Bittrex International became aware of this significant event, we did not feel that it was in the best interest of our customers to move forward with the IEO.”

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