Bitcoin Forum

Binance announced the release of 4 alternative crypto currencies.

Four unlisted crypto coins

Bytecoin (BCN)
ChatCoin (CHAT)
Iconomi (ICN)
Triggers (TRIG)

According to some rumors low volume 27 coins will be more delist.  (No resources now)

what are you thinking ?

I'm not thinking anything. They are intended to be a quality exchange so it's only normal for them to delist coins that aren't petceived well by their customers or low enough volume that they aren't worth keeping. There is other exchanges out there for these coins so if they are meant to survive the delisting they will. Probably hurts to get removed from an exchange such as binance though.

It would be good if you put the links about the news of delisted coins in binance.
I wonder what made binance delist those coins because i see bytecoin have skyrocketing in binance few months ago.
Maybe binance have some new rules for coins to get listed on their exchange ?

Feels strange, I remember when Bytecoin came out.  It had a lot of potential, and the CryptoNote tech looked promising.  But it didn't pan out, like so many others.  Best wishes to the Bytecoin team, if they were/are still on the project, that is.

It will be a good news for us, binance delist crap coins without any volume and they will to add the new one that can give them a lot of daily trade volume. I hope that a new coin with live product just like CRPT, Universa and Buddy can be listed on binance. Remember about so many times bytecoin gets hacked.

wow...My Friend sentence"i get lought when someone talk to me that BCN is better than BTX"...cause is listing in Binance...now BCN has delisted from binance...so there's some rule that's no guanratee listed in Big Exhcange has Big Volume or Big Rise...cause the logic is when you enter in big exhcange you will versus with other coin that's has big volume...what's inovation your coin that's can attractive people in big exchange so people return to your coin...

So i hate people who always ask when "Binance?"

I don't think it was because of low volume alone that made Binance to take that decision. there maybe some other reasons that has made them to do so. Because there are several coins out there that have lesser volume than most of those before the time that announcement was made.

Same feeling with those people who keeps on asking "when lambo" "when moon"?

Do you have the link for these rumors? there seem to be a shaking on Binance and they'll only let those coins remain that are legit.

In a fact some coins are really not worth it, I wonder how they made their ways through to get listed on Binance which have strict rule about listing. Most of these coins only run pump and dump.

You should attach a link from this news source, so you can make me believe in the news that you shared about binance today. Or gave at least a significant reason why the 4 coins were removed from binance.

I do not know why they have delisted these two coins. Bytecoin (BCN) Iconomi (ICN) are not bad at them. Bytecoin was added a few months ago, it seems, and there was such a pump and right now it is already being removed. The remaining two coins are not familiar to me and they are not sorry. But all the exchange does not stand still and goes with the times.

I think that's the usual thing, all market exchanges must have done that. the thing that I can take from this incident is that the altcoins experience delistism, the price will definitely go down.

Why did binance decide to take this decision? Is is connected to low volume or they found out something else about this coins???
A lot of puzzle

Regular delisting of coins is natural and I think every advanced exchange should do it. However, these rumours below are a bit different - it would mean that Binance is changing its listing strategy somehow. It would be nice to know what is the desired state of Binance in one year from now.

i think its good idea. those coins are just only pumps and dumps and low progress. so more legit coins will come in to binance. also this idea will make the other project owners to be active more on project. because now if binance see a sleeping project then they will delist them. i think this is a good warning entire crypto world

In General, I respect everything that binance does, but I have a question, why do they do it? really for them it makes a loss? after all, one way or another, they receive a percentage of any transactions, especially now when the market is falling strongly, many positions have a very low volume of trade. And such decisions, as we see in practice, strongly hit the cost. And now I see the price has dropped by 40%.

I think that it is OK that top-exchange delists suspicious and possibly scam project with the aim to ensure user's safety. 

Noticed that more all these coins by their news of delisted has dropped by more than 20% in value, this is how strong Binance is and their news of delisting can mean bad for any coin. I knew when BCN was added and the delisting is just too short. Not holding any of the coins though

Here's the official announcement
https://support.binance.com/hc/en-us/articles/360017720731-Binance-Will-Delist-BCN-CHAT-ICN-TRIG

The delisting coins
Bytecoin (BCN)
ChatCoin (CHAT)
Iconomi (ICN)
Triggers (TRIG)

BCN and ICN seems to have a good userbase but they are shady as hell. No idea about what the other two coins are.
It's a good decision of binance to free itself from trashcoins. User expect premium feel from binance, there are other smaller paid options for trashcoins.

I really don't feel anything special or bad.  If a coin don't obey binance exchange rule,  it is not really a bad idea to get those coin delisted. I believe the rule is to create and maintain their standard as top quality exchange site.

This is a sad news for me, its because i hold a lot of bytecoin, and hold it for long time, if binance would delist this coin this probably it would decrease its price, i know this is speculative idea, but you know being in binance will drive more traders to bytecoin, later on, i hope i can move on in this news. Im so worried.

There is no need to be surprised. If these coins fail to meet the trading volume requirements. They will delist. This is quite normal. Many exchanges have this kind of operation. I hope that a better coins will be listed on Binance.

It seems to me that they are just trying to attract an audience to trade in these coins, because the turnover is small!

Many exchanges remove coins from the auction now. Loss liquidity and volume of coins. Binance will remove about 20 coins

there are so many crap altcoins in crypto market. and some of them were listed in binance. and they were used as pump & dump coin with so many shillings and manipulations. now the ones that still holding them probably lost so much money. so sad.

Binance is one of the best exchange in the crypto world. I think delisting is good news for all. Because we can easy to choose a good coin or token to trade or hodl and binance will be list really good coins and tokens in the future.

Probably these coins have a low trading volume, do not bring profit for the exchange and spoil its reputation. Binance does not want to fall to the level of Yobit.

i've heard about high fees need to pay to be listed on binance, if it's true very interesting what will be with this funds on delisting

There will be no refund for that because they have acquired a lot of daily trade volumes from binance exchange site and they are getting delist from binance caused by their own fault. Binance will give you a resposibility to pay 5 millions dollars to be listed on there.

This will be better because investors can select more quality projects. I think the trading volume of these four altcoins is very low and the developer has not updated recently. I am sure in the future there will be many altcoin delist out of Binance and we will be notified as soon as that happens.

I'm a little bit surprised that they've decided to delist Bytecoin in specific, since it definitely has quite a bit of following.
In their statement they mentioned that the reason for delisting these coins, was that they did not stick to the "high quality of standards" of their exchange.

Source: https://ambcrypto.com/bytecoin-bcn-bites-the-dust-with-a-22-loss-after-binance-delisting/

If these coins did not meet their quelity standards, I definitely expect more coins to be delisted in the future.

If there are still teams behind the projects then it would be a wake up call for them to become more active and maybe think again of a marketing strategy so that their coin would have more demand. If you are an investor of those coins then it would be time to think of you want to hold that coin for long or you may consider or reinvesting it in a coin that has more volume and more active coin. More coins would be delisted in the future because the people are seeing those projects that will become valuable in the future.

ICN use to be one of the best and was investing to it since last 2016. The team just mess things up that up to now they still can't find a way to make the coin useful in their platform. I'm not updated to what is going on to ICN but that's as far as I know since the last time I dump all mine. I didn't wait for the pump last year but I just left out of frustration.  But yes. If a coin doesn't have a volume, it deserves to be delisted. I find it hard to believe that bytecoin doesn't have volume.

That is good news really. Delisting shitcoins in exchanges is the first step in shaking off those in the market altogether. This will essentially redistribute the dominance of coins in the space. Imagine if more shitcoins died, its volume will go back to other more solid coins.

I think it's normal for an exchange of this level, delist projects with a small volume, and to do something new.

as expected. more will be delisted soon.

or is it. many seem promising altcoin to be a next bitcoin turn out to be scam coin or the dev team incompetent to continue repair the damage. some tragic case like the dev team are dry up due to lack of investor.

I think it will be the practice of many exchanges now.
The trading volumes of many tokens are zero, 2018 is a year of disappointment in many projects. Projects launched in 2017 did not meet expectations.

Binance is a very expensive cryptocurrency exchange to list on and having your coin delisted will be a huge loss to the community of such coin.  It will be on everyone interest to do what it takes for your coin not to be delisted!

I agree with you. This delist will be very helpful and we will avoid poor quality projects. I believe that in the coming years many exchanges will apply this policy to purify all altcoin and only select the best quality projects.

I have invested over 1 BTC in the BCN before, I am the disappointment if they delist this one, this such the shit coins I lost all my money, better to cut my loss in this moment.

A bad news are coming, If any coin/token will listed on Binance it can be pump days to days. Hold your coin/token!!

It is unbelieveable to see that Bytecoin is amongst the delisted coins on Binanance. Thank you for this information, Thos tokens were deleted due to low trading volumes but i don't think bytecoin has a low trading volume too.

Binance entered the game very abruptly. In just one year, they have become a very influential organization in the crypto market. Isn't that a manipulation? All this is very strange .. It seems to me that by the end of the year very interesting events are waiting for us.

these coins have been listed on several exchanges I think the time of these QT wallet coins are in order for me to install one of these and the blockchain I have added to them if with token I do not need any of this I think it is due to lack of use of convenience nobody want to download wallet blockchain not be as easy as possible to binance is right to slip these shits your prices will fall always falls when binance deliste

Bytecoin is shitcoin despite the fact that its capitalization of more than 300 million dollars. More precisely, this coin could have a future, if Monero didn't exist

I'm not sure that this is true. Too many good projects that trade on Binance have a small trading volume. I doubt that they will be removed only for this indicator. Binance promised to consider projects on completely different indicators.

This is unfair, seems like they are intentionally dumping good altcoins. Binance was the one and only exchange for Triggers, I don't even know where this token will be traded after delisting.

Binance is the best one among other exchanges because its characteristics are very high and other ones can't offer same characteristics, I like Binance's processes.

where did you get this information from. I have been trading on binance for more than a year now and binance do send notification news. I am surprise I have not receive any news concerning delisting of any coin or probably they have just done this well if this is true I think its nothing as we do witness delisting of some low volume coin on other exchange platform and binance doing the same go along way that they arent after quantity but quality.

Bytecoin (BCN) is top 30 ranking and today almost traded 9 million USD why binance announced to unlisted this promising token.
ChatCoin (CHAT) is not a shitcoin i don't know why it will be unlisted. Also Liqui exchange attempt to unlist and it happened after 3 months.

I think this is the right decision and it should have been done long ago. No need to hold coins that are already dead.

Glad to see that Iconomi has been delisted, the coin is absolutely trash, I still remember the huge hype it generated earlier in the year, even then I know it was going to be an epic failure.

Surprised to see that about Bytecoin though, as far as I recall it was only listed on BInance earlier this year, I guess they must have been having major issues otherwise it woudn't have been delisted after their review.

Huge drops incoming.

BCN and CHAT coin really low volume you know that? go to the coinmarketcap BCN volume and check trade history.
But i support to unlisted announcement low volume shitcoin not promising coin. And every exchange should do this.

That's right and I also saw the delist announcement on their official account on Twitter (https://mobile.twitter.com/binance/status/1049561745566527489). I think binance has done a lot of consideration and they did it for the good of all users on their platform.

This is a common practice of large exchanges. They can remove from the placement of coins and tokens that have a small trading volume. We do not condemn them if they have such rules.

What a joke, list BCN, pump it and dump it, then delist it. Wolf of crypto street is CZ.

It is a challenge to all founders or devs of coins/tokens listed to Binance to keep up with the standards and not just sit around once coin/token is listed. Also a challenge to all who are aspiring to get listed to Binance to make sure their project is of top quality

Now we all know it was fake one.Millions were got caught that trap ,including me. >:( >:( . It is sure BCN team earned millions from that incident.Now they are going to delist,i am strongly believe it was pre determined setup.

This is bad news for the holders of these coins. Now their prices will go down. Did Binance voice the reasons for delisting each coin? I would like to know the true reason.

Removing some coins can be good for the future of exchange, to remove all those under value coins. I will give a good effect and keeping the quality of the exchange itself, and also saving the network traffic on the site.

I think this should be the standard of all exchanges. If the an alt coin or token having a low volume for a few months. It should be delisted on exchanges and it flush out some questionable projects and only alt coins with demands and a reasonable volume remains.

I think ti was just about time that the biggest exchange in the world would duelist some if not all the shitcoins. I mean, there a re so many coins on the binance list that are literally worthless when it comes to the product, the team, the vision and the safety. Some of those coins were a plain scam, everyone knew it, but binance was still trading them.

I don't think that it is the right thing to worry about. Binance delists only shitcoins, which have a low demand and day volume trade. Nothing interesting.

Delist of this one is not so clear for me. Anyway I like this exchange and I support it because it is very suitable as for new members as for old generation if it could be said so.

i never heard about binance delisting any coin cryptomarkets is changing a lot and it goes more professional and a lot of shitty coin are going to disapear

Binance delist, I sold TRIG a few months ago, I thought I would buy it again cheaply, I had expected it would happen a few months ago because the small trading volume would not be profitable for binance

I don’t know why they are doing that but Binance always try to maintain the position as top exchanger, so whatever reason that made them delist all those coins must be in a way to keep up with their plans. But where did you read that from, didn’t they state any reason as to why Binance removed those delist coins? Cause I’m very sure that if they are going to do that, they will give a reason as to whey they are doing it.

This is the first announcement they made for delisting the coins, there is many reason behind for delisting the coins because they might be not reaching their desired target volumes and community is not showing any interest towards the coins.

I heard that at least one of those coins have been trading under dubious circumstances, if a coin is tainted then it makes sense that Binance would not want to be associated with it. But since they charge such exorbitant fees to list in the first place it is tragic to think it could be a large financial loss on two counts.

Binance is always interested in the interests of the public on their systems. They are likely to have gathered material related to the resource, volume, or decline of the user base of these coins. Among them, I have a surprise with BCN.