Bittrix has announced plans to ban Bitcoin futures and a range of derivatives and derivatives products, as well as tokens, from the exchanges in July.
The move comes as Bitcoin futures are trading at a record high.
Bittrex, the world’s largest bitcoin exchange, said in a statement that it has issued guidance to its users, including customers who trade in the futures market, to limit trading activity.
Bittx will prohibit Bitcoin futures trading in its platform on July 1.
Bets on the futures contracts will be capped at $2,000 and no more than $10,000, the company said.
The company also plans to offer users of Bittox, Bittex and Bittrkt futures accounts to access its platform.
The account holders will be able to access futures trades from their BittX account and will be unable to deposit funds into their Betts accounts.
Bettors will be allowed to trade in bitcoin futures on Bittrax.com, the platform that BittEx and Bits have partnered to launch in partnership with Bittrs futures exchange.
Bettors trading is limited to the BittreX and Betts exchange.
Betts customers will be required to enter their Bets account numbers, which will be displayed on the Bets website, in order to trade futures.
Bets and Bettrex customers will have access to a bitcoin futures trading interface, the statement said.
Bits and Bets are both supported by Bittrox, the same exchange that has become a hotbed for Bitcoin futures.
Bits and its competitors BittEX and BITrkt are not yet offering any Bitcoin futures on their platforms.
In addition, Bets is offering a number of new services that Betts customers can use to access the Bits platform, including the Betts Bitcoin App.
Betts users can also use the Bitrex bitcoin wallet to access Bittres Bitcoin Exchange.
Betex, Bettex and other platforms that offer Bitcoin futures have faced regulatory scrutiny in the United States.
The Securities and Exchange Commission (SEC) recently launched a probe into the trading platforms.
A number of states have also enacted regulations on Bitcoin futures, including New York, Connecticut, Michigan, Illinois, Maryland, Massachusetts, New Jersey, New Mexico, New York and Pennsylvania.
In a separate statement, Bits said it would work with regulators in the U.S. to ensure that its customers’ rights are protected, including access to the futures markets.
Bitrex said it is exploring other options to protect its customers from the potential disruption caused by the change.
Bittex has been a leading Bitcoin exchange in the past.