Bitcoin Forum

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

I do not think the delistment can have further effects
The token are being delisted due to close to non existent trade or orders for it
Thus; the trading pairs are better cleared off to avoid distraction on other contending pairs

Mainly affected for those coins who do have only Poloniex the place where they are being traded on but for those coins who still have other exchange then I don't see for it to be heavily affected.

Delisting is just freeing some space for newer ones and this isn't something new.If a coin doesn't have already have much volume then its normal for exchangers to delist them up and letting the new comes in.

A lot of those are already dead anyway, they just won't admit it. The delisting is just the funeral service for the already departed.

This is just about the reason. What effect can it possibly have? Or may be the exchange will close down because of that? I do not think so. Most projects in exchange do not have significant trades and volumes and its understandable enough to clear them off and accommodate better and good projects.

I see this as the blunt and sincere truth

The otherwise situation is if those trade pairs are trading in another exchange with significant daily volume and orders; other than that

Such tokens are off already

Some exchanges still have high volume of those coins that have been delisted. Investors and traders might have lost interest in trading such on Poloniex, but does not means there are no other places where the coin cannot be bought or sold.

I thing negative impact haven't. it will be positive be happen to crypto, because they filter of kind what are best and usefull for us

poloniex has long lost competition among exchanges , this exchange needs to develop and it is stuck in early 2017 and adds nothing new to the exchange , so I think nothing will affect the market.

There could be be a huge impact on them, specially losing on an exchanges such as Poloniex. There could be a lot of reasons though for delisting, such as low trading volumes, no active developments of the project, or it is simply abandom by the people behind it. So I'm sure that those that they have deliisted are dead coins so the price will be dramatically impact. However, who cares, its dead anyways, so if you are a holder of the coins that are going to be delisted, it's either you moved on other exchanges that still listed them or just dump everything, take a loss and move on.

I don't even think the delisting pair that will be made by polo will give an impact to the crypto. polo is a crap exchange site with very low volume and that will not give impact to the crypto market but a little bearish trend looks possible to consider about more coins will be lost its volume from polo.
You should not worry about that dude.

they only delist low-volume alts and this does not affect Poloniex's liquidity too much and the alts will be delist.
This delist is meant to clean up junk for exchanges and retain those high volume trading alts.

of course the effect is very good on poloniex exchanges because they will eliminate dead coins and only trade altcoins that are actively developing.
of course this will make them a very selective exchange for choosing to enter exchange poloniex.

Yeah, I read that news too. I think that will impact the price to go down with fast because people would not hold the coin any longer, but maybe I am wrong because some of the coins that will be delisted are a good coin and have potential to increase. So I think we need to wait and see what will happen in the poloniex. Besides that, the delisted of the coin is not happen in the bitcoin pair, so I think the bitcoin pair will be fine.

Delisting is common in exchange if it does not meet the requirements due to low trading volume. Unfortunately, the list of delisted coins is a good and potential coin, but the impact of delisting on Poloniex has no major effect

When coins delisted due to low trading volume for long period, it means that they are nearly dead coins. However, if you look deeper, you will see that some of those upcoming delisted coins will still be listed on Poloniex, in BTC trading pairs. Most of them have low volume, but more importantly they will be delisted in non-BTC trading pairs first, on Poloniex. Those coins will be not entirely delisted from Poloniex, so there is no serious issues for them, at least with the coming delisting wave.
Major of delisted pairs are in XMR and ETH pairs.
In the past, long time before delisting announcement, those pairs contributed little volume to those coins total volume on Poloniex. I meant delisting or not does not affect total volume of those coins on Poloniex.

I think both ways. Because, we have tons of coins per day. But, in the long-term, one year or more, we will see the truth.

So, if you want to know about one Altcoin, the time will answers. Keep out that short term buy/sell

That means that the problem is not exclusively those coins, but the fact that nobody trade them against other altcoins. I guess traders are only interested in BTC trading pairs. In respect of the effect this measure will have, I guess there will be a lot of speculation regarding the new coins that will be listed on the exchange.

I think it’s normal that exchanges delisting coins that have low trading volumes. Because many weak projects with their coins take their place on the exchange, but do not bring any benefit to traders and the exchange. The market is updated periodically, so do not worry about delisting some coins with Poloniex.

It is good move from Poloniex, I'm sure delisted projects are either dead or proven to be scam, It is going keep traders safe and more volume will be driven towards other trading pairs.

Poloniex is a big cryptocurrency exchange with good trading volume. If you own some of delisted coin, there is a chance that there will be not enough liquidity to sell or buy your coin.  :-X

Who is still trading on Poloniex? When you look at coinmarketcap you will find out that it is the 70th biggest exchange. Pretty bad score when in 2015-2016 it was one of the biggest one.  :'(

Exchanges always have the option to delist tokens that are not performing well in their platform, this is understandable, it takes up or loads up their database and their server as well, maybe this token is performing better on other exchange but no ton Poloniex, but that does not mean that those coins are shitcoins.

I don't think it'll have any effect at all, as it's mostly XMR/ETH pairs being delisted. It's not the same as removing a coin entirely, or against BTC.

And it's not surprising really for those pairings to be delisted. I never quite understood why Polo introduced XMR pairings to begin with.

Of course, it will have a tremendous effect on the coin. low trading volume and also token holders and many investors will be scare to wanna buy the tokens. However, I discover most time, when reputable exchange platform calls for delisting of the tokens, it is most time due to the fact that most of those projects are dead or turn to scam. Such platform does not like listing tokens that have zero trading volumes in 24 hours for so many weeks. Literarily, it makes the platform look substandard

It is delisting Monero, Ethereum and tether pairs. Pairs with coins that had low volume. IT is no change for any coin involved. Since all those coins have at least pair with Bitcoin if not more.  Poloniex is foloving their plan from 3 years ago to become elite exchange with 50 pairs.

obviously yes especially if those coins have little volume and are traded in other smaller exchange. poloniex is a huge exchange with huge volume and also command lot of trade. it will definitely affect the coins market. besides new projects are pumping out daily. i believed they will replace them immediately.

Poloniex has truly become a less popular and influential exchange. I also left this exchange and have not used it since 2017. Therefore, I think that listing or delisting of different trading pairs or coins will not be able to greatly affect the crypto market as a whole.

Coinmarketcap volume stats are totally fake. Poloniex is in top10 of biggest exchanges. Just log on and try to trade. DO same on some exchanges that are listed on Coinmarketcap on higher place then Poloniex. You will fell the fake volume there really fast.

I don't think it will have an impact at all, they already say that these coins have low volume in their platform, but that does not mean that they are shitcoins, and they have low total volume in the market, they may have low volume in the one exchange, but not in another exchange, it's the total volume of the coin in the market that counts.

The delisting is due to the lack of enthusiasts for traders to the coin so that the stock exchange owner takes action to do the delisting, this will certainly affect the quality of the token, usually the coin that has been delisted will certainly die on the coin.

There's no big effect on the market, but those coins that are delisted loss their chance to gain investors.
Poloniex is not a big exchange anymore, if it's Binance, it could be a big loss, but we know when the exchange started to delist coins, that means those coins are not giving their profit anymore, they will open that slots for the new coins.

For me, if those coin's devs are still active, they should look for an exchange with better volume. .
Currently, Poloniex only has 17 million usd of trading volume, that's too small compared to the volume of some trading sites.

I liked Poloniex. good trading community and simple UI.  i heard they were bought out by another big company. had good fun when there used to be a trollbox.  probably best trading fun I ever experienced.

I've checked some of the coins that they going to delist and they have a good volume in the market but not on Poloniex, and usually exchange delist coins in their platform that does not deliver the needed volume.

In the case of Poloniex, they are not that popular exchange in the market, people prefer to trade those coins on a more popular exchanges.

can you name some of those coins ? im just curious if what are those coins but i dont have a time to scan the link right now  .  polo is quite a bit famous but there are other more famous exchangers than them , that might be the cause of coins dying on thier platform but if they kept on doing it , the time will come that thier exchange will shut down because all coins are already delisted .

 when it comes to the effect of them delisting coins , i guess the effect will only appear on thier own exchange but not on others .

Poloniex was an exchanger with a good reputation before the existence of binance, okex or huobi. But now the exchanger competition is very tight and Poloniex is one of the victims of the competition. For coins that are only listed on Poloniex, delisting coins will definitely affect the price but if there are still large exchangers trading, I don't think it will have much effect on prices.

There are many reasons of delisting and it have no major effect on the market. Normally very thin trading volume coins on any exchange will be delisted and this will done by many exchanges. This is a routine exercise and you can move your coin to any another exchange which have listed that coin.

I don't think it will have an effect at all on the coins that are delisted on their platform, Poloniex is not even in the top 10 and some of the coins that they are going to delist do have the volume on other exchanges, it could only mean traders of this coins prefer to trade their coins in other exchanges.

But I'm surprised at the number and some of the coins are old coins that traders and investors are trusting like Steem, Qtum, DASH, Xmr

Delisting is a common thing in crypto exchanges. So Poloniex removing these coins won't impact much on the crypto markets. Coins are delisted from time to time based on their volume and performance. If less and less people are trading a particular coin, it tends to get delisted over a period of time. However, one thing I noticed is that coins that are billed to get delisted usually pump in price before they go down again and eventually get removed from the exchange.

In my own opinion those coins/tokens are also listed on some big exchange other than Poloniex so i think there is no negative effect on delisting it on Poloniex, majority of those coins/tokens are listed in top 100 crytocurrency base on CoinMarketCap data so theres nothing to worry about for sure.

Yeah, it is when these coins are being delisted on major exchanges that we can say they have lost their chances of gaining big investors, poloenix is a big exchange too but not an issue to make those developers go out of business, except maybe their optional exchanges has been these low quality exchanges with no volume, but if those coin being delisted are on other major exchanges, it will absolutely have no effect on them.

I remember when there was this news over the forum that bsv will be delisted by binance, and everyone was advising many people to pull their money out of bsv market, their community never worried about the news because bsv had already listed on other great exchanges, so binance delisting them never really had any effect on their value.

Poloniex was a great exchange and during the whole 2017 it was my favourite exchange where I used to hold all my savings. But then came Binance and Poloniex just stopped developing, maybe science they were bought, they are cleaning the mess to become competitive again?

Poloniex doesn't have the power it used to have.

So the effect can be easily measured. If delisted pairs are some other adequate exchange, that won't be a problem. But after delist, no exchange or very bad exchange yes that can cause some problem.

A Coin might be listed on different exchanges, while performing well in one and badly on the other, thus delisting from one of the exchange will hardly cause any issues to it. For example, having a coin listed on Binance and another exchange, with Binance user base the coin might have a good volume as compared to the other exchnage; so when delisted on the other it will cause no problems and vice versa.
So in all, one of the major reasons for delisting of altcoins is the low trading volume thus freeing the exchange so that other coins can get noticed.

That will have an effect for the POLINIEX in a good matter while a worst to the delisted tokens.
Those 23 tokens will be a good thing to be gone as there are no more demands on that, which will give more space to upcoming better tokens.

Poloniex used to be a good exchange but don't know about now as I left the exchange a long time ago.
Nevertheless, delisting of coins can happen in any exchange which can be caused by some factors such as the team failing to improve their project thereby leading to the coin lossing value, in this case delisting will only end up killing the project more.
Another factor is, if the coin is already listed on a major exchange thus having a good volume than its other exchange it's listed on, then it can be delisted and will pose no threat to the project.
Furthermore, I don't think when an exchange delists a coin that it will affect them (that is, the exchange).

Those exchanges are open for profit and if your coin offer no liquidity to the exchange then its sure to be delisted. As for the impacts on the coin, there's is always an impact (mostly negative) which can be on the short run or long run. Although the impact depends on the strength of the coin as in the likes of BSV which was delisted by Binance but the impact was short and it wore off quickly because BSV happens to be a very very strong coin

Like I anticipated, low volume; this is the primary reason that will cause an exchange to delist any coin. Also, that doesn't mean that with one exchange delisting a coin will lead the downfall of the project, unless that's the only exchange it is listed on.
On the other hand, an exchange delisting a coin or many coins as the case may be will not affect the exchange negatively in anyway as they are trying to maintain their reputation and value which is good for business. 

I think there a lot of projects occupying unnecessary space on most exchanges with little or no value. The expenses incurred for maintenance could be telling on the exchanges since no visible action in experienced from such pairs. The best thing to do is to delist such assets. The most notable effect could be losses on the part of users who may never find this delisting information in time to enable them withdraw their assets off the exchanges.

If this was Binance I would have said it would have negative impact on most of the tokens on the list but Poloniex is now a shadow of what it used to be, it was the Binance of 2016 before the team started making consistence wrong decision and pushed most people away from the exchange.

How are the mighty falling?

This exchange no longer has any influence on the cryptocurrency market. Therefore, I believe that if the coins that are delisted are not obvious scam, and if they are traded on several exchanges, then the price due to this delisting will change minimally.

Those coins are having a chance to be considered as securities that can't comply with US regulation.
But the delisting of those coins didn't give any impact even that already happened. People are feeling difficult when it comes to dealing with US security exchange site like polo due to the uncertain regulation.
The delisting of coins gave a little decrease at the trade volume of polo but it doesn't give any impact to the daily volume of the coins were getting delisted.

I'm not sure if folks are even reading what was delisted before responding here. The coins were delisted due to low volume because they are in really weird pairings, several against Monero. It had nothing to do with being a security, unless you consider LTC a security (it was one of the pairings delisted).

This is the list: LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH, QTUM/ETH, STEEM/ETH, OMG/ETH, LOOM/ETH, SNT/ETH, CVC/ETH, KNC/ETH, GAS/ETH, BNT/ETH, LOOM/USDT, SNT/USDT, KNC/USDT, BNT/USDT and FOAM/USDC.

The question shouldn't be why those pairings were delisted but why did they even exist in the first place. Common sense tells you they won't have much volume.

Polonix certainly has reason to register several coins from their exchange.
maybe their trading volume did not increase and they decided to take policy.
there are many other exchanges and the coin will not lose its value.

During 2017 poloniex was living its last moments. It was amazing after cryptsy got shutdown, until bittrex became bigger poloniex was basically what binance is right now, there was no competition and they were making insane amount of money, hell they managed to sell themselves to circle that is owned by some huge wall street bank all thanks to showing their previous success and profits on fee's.

Of course, during the summer of 2017 bittrex started to be bigger and on late 2017 binance started and they got the market so fast that right now they are literally monopoly. You may think there are other exchanges as well but seriously considering the power binance has over some of these coins, poloniex could delist and nothing will happen however if binance did, those coins would drop 50% over night.

I will not, but certainly it will drop more, if the exchange they will be listed will be small than Poloniex in terms of trading volume.

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I still remember the old times, but clearly if we compare Polo between Binance, obviously Binance is making more money since in late 2017 until, the volume has increase significantly.

Take a look at the photo below, that's a historical data in Jan, 1 2017.
https://imgbbb.com/images/2019/08/27/historical-data.png

BTC that time only has $147 million trading volume compared to now which it has $15 billion.

Look at the disparity.

Exchange delisting coins after be sure no profit come from it, it may have very low volume, and delisting will affect it if  it is only the exchange

Most of them are just useless coins. It should not have any large effect but with the current accusations and problematic behavior of the exchange, people are also defining it as a process to close down the exchange. Poloniex failed to rejuvenate itself with the new owner this time.

Yes, if that coins are only listed on Poloniex or largest trading volume of them belong to this exchanges.
Otherwise, it will not affect it much, because currently Poloniex is no longer a leading exchange like years ago. They is just refreshing their exchange, and removing low trading volume pairs or dead coins is one of the first steps.