Bitcoin Forum

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

Without delisting, I think the shitcoins will disappear because there is no interest from the people to trade. Besides that, if the project is abandoned, then people don't have to follow them again, and it's better to move to the other project which could be profitable in the future. It depends on the exchanges itself, and if they think that delisting the shitcoin will be great for them, they will delete the shitcoin to refreshing the market and people will see the difference.

Shapeshift and Kraken have also announced BSV delisting.


Not necessarily collaborate. This sounds like ganging up. At the end of the day, it's the majority (of users) who should be followed.


"real project" is subjective. Projects like BSV made it to these big exchanges because some thought it's real. 

I hope coin cleansing would really happen since there are lots of shitcoins scattered in different wallets. Through it, we will be able to know which the real projects are and which are not. I think delisting Bsv isn't coin cleansing. I wish that they could do something to refresh the market and remove all the shitcoins.

Exchanges should be delisting those shitcoins in which they don't have gains. These coins are garbage that needs to be thrown so that other investors will not be misguided on what to invest.

The binance decision to delist BSV is not in connection with shitcoin or cleansing but is in relations to the fraud cases file against Craig if you have been following up with the case you will have noticed that binance gave the team one week notice of Craig to clear his name or get the coin delisted and since he did not meet up BSV have to be delisted. I believe shitcoin will face out on they own when no one trade them.any more.

Exchanges has been de-listing a lot of coins in their backyard if they find that it doesn't have any movement or the dev is not active from behind.

BSV is a different case though, Craig Wright goes one step further that's why CZ had seen enough of this that's why they have decided to de-list it.

All the shit must be cleared.I believe that if any Shitcoin does not have a demand for a long time, then why is it needed.I think most agree with my opinion.

Exchange should do this from time to time, it's not good that a shitcoins or a coin that was left by the developers still have a place in exchanges, developers should be given a warning that they should shape out or ship out, this will give a warning that they should keep developing their platform and keeps updating their investors. 

I do support the idea that only quality projects and coins should be listed and there should be a way to filter scammy, bad quality or failed projects but seems like it is not very easy thing to determine which project is worth it and which is not so let them list and let the community decide.

don't be fooled by the public face that these exchanges are putting on these days, it is completely fake.

exchanges do NOT delist coins because they are shitcoins. they have always delisted and will always delist coins that don't produce them any profit. which  translates into coins with low volume. so even the worst coin that is 100000% scam can remain on their platform as long as it is giving them profit.

For me not only BSV! if they are sincere to cleansed the crypto-sphere delist all other shitcoins that still making terror on the market. just imagine in every successfull ICO there is a new token/coin will born!? every month im sure cryptocurrency statistics is changing due to new coins/token added. so delist only BSV doesnt make sense to me thats according to my opinion.

Just as many hate bitcoincash this doesn't mean bitcoincash is useless,I think bitcoinSV is useless that's why the delisting is a must ,there are few bitcoin forks that are worth it and that can't stop bitcoin from reaching milestone ,let's wait and see how things play out ,I just hope it won't be bitcoin forks only but other coins as well ,too many shitcoins

Indeed, the last round of bull market led to a lot of btc forks, which really need to be cleared, but I think there will always be other exchanges that will trade them, and the exchanges will need them to attract traffic. Maybe the next bull market will repeat the same round of bull market. The situation is that people are greedy.

First of all, I don't think this is about Bitcoincash. I think this is something between Binance CEO and the SV's team. There could be more cleaning at all times, but SV's situation was different in my opinion.

In my opinion, it's great if Binance removes all shitcoin. because shitcoin doesn't have good prospects. thus will boost the crypto economy.

I think it would be nice to clean it. But it is necessary to remove it shitcoins. And on the major exchanges of such, as a rule, no. The situation with Bitcoin SV is somewhat different - a conflict has arisen here due to Wright's inappropriate behavior.

This one was more about "political" than actual technology reasons so I doubt it will create a wave of delisting of useless coins, it totally should happen but I doubt it will happen.

This was done because the owner of binance was done with that fraud Craig Wright and I am super happy about it honestly but it wasn't done because of the coin, the coin is innocent of all the mistakes the creator of it had so there is no point of expecting other coins to get delisted since their creators are different people.

If it was about how bchsv was a bad coin or something or useless than we could safely assume they will continue delisting other useless coins as well but unfortunately this was done because of the creator not the coin itself so all other coins are safe from getting delisted as long as their creators are not frauds.

Yes, the Exchange could delete the coins which they list and they can do that without any warnings. So i had 4 or 5 times that kind of problems, i couldn't clear my coins from the exchanges because there were no withdraw option left. Also i have the other cleaning problem wihich is in my ether wallet, i have more than 200 shit coins in my wallet and i can't delete them and i really don't know what to do with them..

I am ok with this so-called coin cleansing, which is delisting shitcoins and coins that do not deliver volume and their roadmap, we can get rid of useless coins in the market, and it will not be used in the pump and dump scheme by some traders, but I doubt if they can collaborate with delisting, each exchange are minding their own business.

You should have read the fire-spitting tweets from Calvin Ayre when bsv was delisted. It was hilarious! He outright called Binance a criminal organization! Apparently, he had no issues with such a criminal corporation right up until bsv's delisting.

No amount of cleansing will save bsv, it should be buried and forgotten about. Sadly we know that won't happen.

What constitutes a shitcoin is subjective. However, exchanges absolutely should delist coins that are promoted through the use of fraud or by unethical means. By delisting BSV, Binance has gained enormous credibility in the community. Sometimes doing what's right pays off in the long run.

Exchange will not delist a coin if they have enough trade going on for that coin they don't do this depend on the quality of the project.

actions like this are right and are needed to restore market conditions to be better, indeed a bad project will disappear by itself but rather than them mushrooming and causing the market to become bad actions like this are very appropriate

I think delisting a coin is very important especially on big exchanges since this is where the buyers buy the coin and if it turns out to be a scam, it should be the exchange's fault. They list the coin that's why the buyers thought that the project is legitimate. That's primarily the reason why cleansing is important.

I don't see the delisting of BSV by binance as a cleansing operation, rather it's a case of personal vendatta. Yes I understand we have had one too many folks leading to shitcoins perforating the space but the BSV case to me is just an unwarranted show of power by CZ.

As long as there would be exchanges to have that shitcoin on their platform, that shitcoin will never disappear more absurdly if that coin is listed on a trusted exchange. I'm not saying the morale of the exchange will go down but a shitcoin shouldn't be listed at the first place.

I don't think that the smaller exchanges are going to delist BSV. Actually they don't have a choice and many of them desperately need the additional revenue. If the major exchanges ban BSV, then the traders are going to flock to the smaller ones. And in the end, money matters for the exchanges.

After the decision of Binance situation changes against the BCH and Bitcoin SV. In my opinion, hard forks are unnecessary if there is no real solution to the old chains. Hope all shitcoins are delisted by big exchanges soon.

Yes, the smaller exchanges that trade BSV may earn additional revenue, but they will carry the stain of not upholding the higher ethical standards of other exchanges. I personally do not want to do business with exchanges that are desperate for cash, because that's a sign they are more likely to go belly-up or engage in other shady practices.

If they are not benefitting anymore from the coin then better remove it from the list. There are too numerous currencies listed and sometimes the site is becoming too congested and to have a dead coin in their list with no one buying or trading for it, not even searching then it would not do them any harm to remove it specially if the project is also dead.

Not possible because most of coins listed on exchangers even to those popular ones are also shit coins.They do only gain volume and support thats why they are being listed
and we know that exchangers as business so its just normal for them to list out those coins yet they know that they will benefit.

Maybe most of exchanges still keep them because there is some trade volume and also some smaller exchanges try to survive and some of them don't delist shitcoins, but i think clear if all shitcoins will be delisted will help bitcoin grow more maybe.

A centralized exchange can delisted or listed coins at its discretion, this is normal. But I think it is good when exchange delist dead projects or scam.

There are a lot of shitty coins on Binance and other stock exchanges, but they will delist BSV.
I think it has little to do with the coin itself, it’s an organized action to lower a pretty good coin to zero and take its investment for yourself.
This is a bad precedent.

They have to but I doubt it that they will act like Binance. They need volume for their site and as long as that shit coin has a good volume, they will not delist it. And also, they earn from listing a coin/token and that's how they make money from those coins that doesn't have real value at all.
I like the idea of coin cleansing so that most of the market cap should flow again to the best coins and it won't be divided to any other coin. People will now focus with the very best.

It doesn't risk anything, exchanges are private companies and they're centralized, they have every right to list or delist whatever they want.

About a "cleansing", they could've done it a long time ago, but the thing is that those shitcoins and pump and dump cryptos generate money, and exchanges love making money so it's very unlikely that they're gonna start delisting every shitcoin in the market (that would be about 90% of the cryptos in the market). But make no mistake, exchanges do delist shitcoins every now and then, it's just that they keep popping up.

I think exchanges would rather let the market decide which coin survives and which doesn't. With BSV, that's a whole different story, there was hostility, lies, and toxicity from the BSV camp being spread around the cryptosphere and that had to stop.

This should be done regularly and if the coins is not that productive then delisted is the best option for them. Binance is known for a strict policy and regulations, its actually good to delist shitcoin like BSV but some may still not do the same thing because some traders are still active with the shitcoins, investors should stay away from that.

The market will decide on shitcoins, if they do not represent value there will be no trading volume and exchanges will delist them automatically one by one.

I read some articles a few days back about Binance CEO and that has made surprised me. But irrespectively from that I still have a doubt about why they intend to delist BCHSV? if we look at the volume side and the position of BCHSV in coinmarketcap still has a chance to overtake some coins which is above it and by its position maybe you will have a doubt also, Bitcoin SV now is in the position 14 based on CMC but there is a thousand of altcoin who still listed in some exchange which in the last position.

If other big exchanges should announce the delisting of BSV, it then means so many investors will lose.
What baffles me most, is that, how do investors  recover their money...
At least, so many of them were not aware that such would happen.

If that will be the case for BSV which I assumed will be retained in other exchanges, then I think the cryptocommunity might also boycott those that don't heed to the pulse of the people. I also think this events are a good starting point for exchanges to review or evaluate existing coins on their platforms and de-list those that don't adhere to their standards which in effect could benefit the whole cryptocommunity.

Many exchanges are still for the profit they are getting from a certain coin, so they will not be ready to delist those crap coins as long as they are earning something. If small exchanges will delist those scam coins, pumpndump ones, they might not thrive in the market. But the move of Binance to delist BSV is a very bold move.

I'm on it, I want coins delisted because we have thousands of useless coins in the market, the market is saturated with useless coins and projects, but in the case of Bitcoin SV it's quite different, they are one of the top coins in the market, I don't know the real issue politics has something to do with it or because members wants to retaliate against Wright. The cryptocurrency has been mired in controversy due to its supporters Craig Wright and Calvin Ayre, who have threatened various members of the community with lawsuits over public claims that Wright is not Satoshi Nakomoto..

I am not sure they have done that yet till the 22nd of this month and it is really a wise decision for them to have made not putting their own personal interest or lost into consideration, which is really a plus to Binance.

I am happy Binance is leading by example and I can see that other exchanges are beginning to do so, we need more of these activities to really clean off bad projects from the market, or project that are strictly bent on just playing with people’s emotion and their hard earned money.  This will sound a great warning to other projects that think we are here to just make fun and collect people’s money for nothing.

I think that's going to happen naturally over time. Why would an exchange waste resources on something with very volume?

They did it last year because they received huge exchange fees, but I don't think that will happen in the coming years.

Well it would have been better if they had just not listed it in the first place.
I mean, if you know anything about Wright's history, then you would have know that something like this was bound to happen some day.

The size of that man's ego is just enormous and if I ran an exchange I would not want to have anything listed that had his name attached to it.

Unfortunately, the cryptocurrency market is very polluted with all sorts of unnecessary garbage, sooner or later it will need to be removed.I will not mind if there are only worthy coins that bring real benefit to the crypto world!

I agree a lot of banknotes.  But I can not even imagine how you can get rid of them en masse.  It is very sad to realize that they can build to increase their number.  Because nobody controls it.

Wow, this is why I like binance so much, they don't joke with their investors and they also don't joke with their words too, they always make sure to deliver on what they have promised, I believe this is going to shoot wright up who have been ranting all over the media saying that he is satoshi who invented bitcoin, when we are all not convinced that he is not satoshi and can never be satoshi, I think every platform needs to take this decision that binance has taken so that together we can secure this our great community from threat.

I received mail mentioning that kraken will be delisting BCHSV and read some where shapeshit will be joining for delisting but I just checked in bittrex that BCHSV gained some 1+% and trading above 0.011BTC and I am not happy as its crash may help bitcoin to recover up to $6800 levels.

Yes, useful tokens are worthy of defense, so all the exchanges should be better to give information that BSV might be removed from the list is not useful.

Delisting all shitcoins is a welcome idea , there are bunch of coins that have little or no volume at all, delisting these altcoins will serve as deterrent to others not willing to fully develop their project. They just want to make money off unsuspecting investors

positive things by eliminating shitcoin in every market and moving forward will be better
there are only good coins that will continue to survive in the market even though the price is low but still have an active team for its development.
with the passage of time and the rapid growth of ICO in crypto, it cannot be denied that there are many evil brains that use crypto to commit fraud so that they can easily withdraw money from making ICO
but there is a downside to the elimination of tokens that many of the holders of these tokens suffer losses

Well, those projects that are aging and no one needs go down in capitalization , and those who behave actively will clearly be in the top , and the exchange clean from time to time dead coins

It was deslisted because it really is a bad project. While we have many good projects in anonymity we see shitcoins as the BSV in big exchange.

BCHSV is deleted by binance not because BCHSV is shitcoin, but for other reasons,
if I am not mistaken, the BCHSV is deleted because the reason is the BCH fork and makes BTC fall from 6000 usd to 3400 USD,
and I'm sure BTC activists will remember this incident.

I also believe that the time has come to get rid of empty coins that simply collected money and did not do any work without following the roadmap. Now there are a lot of them, I think that such a measure, as their removal from trade, will have a positive impact on the entire cryptoindustry.

In the case of BSV which is excluded from trading, the exchange Binance and other platforms - I think that the important factor is not that it is shitcoin, and the fact that the leader of the exchange Binance had disagreements with Craig Wright.
On the exchange of Binance traded a lot of coins that are even more useless than BSV, but for some reason they are not so often removed.

Certainly the process will be a continuous one, not every coin will last for a lifetime, some will be short lived while others will outlive their expectation. Technology is improving and every project is supposed to solve a particular technology issue, due to the competition and some projects being stronger than others in similar fields, they tend to know of the less stronger ones and this starts by being delisted from certain exchanges and as exchanges develop, they tend to change their criteria on listing

Indeed cleaning the coin needs to be done to avoid undesirable things. Moreover, coins that are unproductive and without enthusiasts, there should be no coins. Exchange policy must indeed be done for the future of the exchange so that it can function in accordance with its objectives.

it should be like that, where if they have no interest and very little trading, the assets should be discarded. and some exchanges should also make the same choices as binance.

They already do that, however the not everyone agreed on what are so-called shit coins. Some people trust some project and some other are not. I believeall exchange will delist any coins that seems like does not have any value or coins that have a really low daily volume, or coins from a project that are not comply to their terms and condition.

Actually it is their routine to delist low volume token whether it is a shitcoin or not.  Exchanges have certain requirement in its daily volume or monthly volume and if the coin do not met these requirement they will be delisted soon though I think the BSV case is special anyway, they were delisted of a certain grounds and for sure it has no connection to the volume requirement.

Every exchange were done to delisting coins which don't have volume support and usually people will get the notifications which coins will be delisting through an email and exchange more know how to clean their service from dust coin so this is regularly doing for the exchange especially big exchange such as binance

Lol. What are you on? Trying to generate list of shitcoins or you want to help flush them out? I am sure what Craig did was at the peak of it, this might not be the only reason used, and he might have also been involved in lots of dirty games they have been overlooking and probably got fed up by this last act of his.

If they don’t quickly break his wing this way, he will end up enriching himself at the detriment of other’s purse, you know how we human behaves, we like to see these genius people like satoshi as small god, and once he does so, anything he ask us to do, we will follow him even if it is wrong.

That's a great decision if you were making such an opportunity to delist the coin in the exchange because shitcoins nowadays are just growing day by day. And old shitcoins must be delisted.

Some exchanges also are playing safe, it's not so easy to delist some coins, especially a coin with huge volume but shitcoin. Exchange will lose something if they delist shitcoins, they will not earn money anymore, a lot of people are trading on their exchanges because of those coins. By those shitcoins, the exchange itself also earning money from traders.

Coins are useless and will only make a negative in the exchange system so it needs to be cleaned up. We can see a few coins and it must be far away, and for the holder immediately throw away your coins if you don't want to lose more.

Yes, it is normal that when one large exchange takes a decision then rest of exchanges follow the step And yea obviously I think all exchange should collaborate and delist the shitcoin which are inactive and there is no possibility to help crypto by their product or service.


Hmm, when the large exchange will fight against the fake and scam project then It will help the crypto economy to find out real project. Hope all exchange will start to fight against the fake project with the large exchange. Thanks

A mass delisting would mean the exchanges weren't doing their jobs in the first place. How did they list the coins without them meeting the required standards or even without investigating or researching them?
We probably should consider purging the exchanges for failing to do a thorough job

Exchanges are a very subtle mechanism.
For money, they can place any shitcoin on their platform...but as soon as there are any disagreements with the team of the coin or when it begins to threaten their reputation-the exchanges publicly begin to "fight the Scam"...how would it sounds funny).
Business and nothing personal as they say....)

There are different types of exchanges and they serve different people and purpose. For an exchange like binance, Bitcoin SV is a shitcoin. Though it doesn't mean Bitcoin SV is a worthless and dead coin. It would keep on trading on other exchanges.

Seem like other exchanges are following Binance, after BSV being delisted on Binance, I also received email from other exchanges about delisting BSV on their exchanges. Coin cleansing happen day by day but seem like it's not easy to delist all shitcoin out of any exchange cause of huge number of cryptocurrency on crypto market.

Shitcoin removal is very influential for altcoins that are truly real, such as ethereum, ripple, stellar, litecon and others. If this really happens then the shitcoin holder will run to bitcoin or altcoin as I mentioned above, of course there will be a very large pump.
Hopefully this happens, the exchange must indeed filter coins that have become shitcoin.

Exchange see that coming and they will begin to analyze if the coin still deserve the spot or new one needs to replaced it, for binance they see that the volume is no longer good for this coin, this action will give privilege for newer coins to save the spot and begin to work inside this big exchange.

Binance delisted BSV is because of there is a problem with the BSV founder and it's not about coin cleansing imo. I think if there is a problem too on other coins, the ceo binance will delisted the coin too. I love binance though, they really active to kick out all shady coins, props to them.

Binance and other popular exchanges always remove the low liquidity Altcoin. Or Altcoin is no longer potential and does not attract traders to make transactions on Altcoin. Eliminating Altcoin is no longer valuable, making communication better and limiting the risks for all investors using their platform.

They can't just delist every other shitcoin. First of all what should be criteria to call a coin, a shitcoin. It is a highly debatable topic. Many people have invested in a particular coin and by delisting it suddenly will ruin them. You can't just delist any coin which you think is shit. Exchange definitely have that power. But they should do that to a coin with a minimal exchange volume. Not a coin with thousand of btc volume.
I don't support this.

Yes, they should elimate those coin that not being tradable for a moment. They need to maintain their reputation so delisting is one of the way to do that. They just need coins that can give volume for their exchange. Limit the token listed, its always better to have few but have millions of dollar are circulating

Well cleaning coins on an exchange is often done if the coin does not meet the requirements anymore because the volume is very low or something else that causes the coin to be removed from an exchange, so traders can trade with really good coins

its not just a coin cleansing, people need to learn from this event because it was just like a drama and it resulted in delisting of BSV. anyone that thinks he can bring down bitcoin to promote his own project is going to end up like BSV. more of this is going to happen. fake projects should be get rid of in this space so good ones will be able to make their impact.

Not talking of a specific coin but centralized exchanges works in a way what works better for them to list/de-list a coin.

I agree with binance steps that have started to clean up coins that are included in shitcoin. Iit's better for useless coins to be removed from the market than to make the market full of garbage. In the absence of this shitcoin, the crypto currency market can be more active and reliable. In addition, to receive new coins on exchange sites must also be more selective so that the coins on the market are really potential and useful coins. I am sure that if the crypto currency market is only filled with potential coins, the market will develop faster and more stable.

The exchange still informs the altcoin delist daily. And depending on the requirements of each exchange, they will come up with a separate regulation, so if it is really shitcoin, all exchange will gradually delist it.

I wish their move to delist BSV was a move to delist all other shitcoins but I think it only affect BSV, most of the coin that are being delisted in the past by these exchanges is not because they have been performing woefully but probably they failed in their dues.

We are still very far from getting rid of shitcoins, if exchanges are really serious with delisting shitcoins other than the personal issues they are having with BSV, then time will tell, I should expect other coins too to also follow after BSV, but if they delist BSV and takes no further action in getting rid of similar ones, then I will conclude that they were biased in their judgment and the issue they have with BSV is personal and not for the interest of the community.

I agree with you, this is very bad for decentralization. What a good coin, and what a bad coin - crypto community should decide, not a separate exchange. At the same time, a centralized exchange has the full right to exclude from listing any asset at its discretion ...

The problem is that bitcoin SV still had a lot of trading volume.  It was removed on binance over personal reasons, it was an attack on the founders on the coin.  This sets a very dangerous situation where some exchanges decide to flex their muscles too much.

If they do such a thing crypto community would take a hit. We all have shitcoins and delisting of them is just a hit to holders not project itself.

They just stop adding shitcoins to their exchanges.

Exchanges should delist cryptos that have volumes ranging $0 to $100 since it has no sense keeping them on exchange and as well confusing new traders that buys a shitcoin and not knowing that the coin is irrelevant to hold anymore.

Yes, they should. Communities have to produce some tactics to make 'pool' of valuable coins and promote them. Such politics will be better for whole crypto world future. If society wants to see some independent economic sphere, then it is obligatory to have strong players along fiat money.

sure, that is must to do, because we need coins with high volume transaction, when in the market have shit coins at there is for what?, Exchanges should delist shitcoins, and change it with popular coins

Cleaning coins is a common practice on the stock exchanges. The fact that Binans captured the market is a fact but also remember that it cannot always be at the helm.

it will dissapear when all the trader stop doing sell and buy (trading) on that coin
so basically no need to delisting. it will dissapear by it self

nobody cares of decentralitation, everybody just check what they earn. we find a decentralitated coin if we need one, do not worry. if it is just a shit, no need to make dirt around.

Delisting always happens, and although it's not pleasant and it's scary, it needs to happen so that the crypto world can focus on the best projects.

Most of the times it's a right decision based on low trade volume and inactivity of the project, but sometimes it's based on other reasons like legal obligations or even competition, and it's not likable. Metal got delisted from bittrex for legal reasons, and dumped hard. When it came around and got re-listed it never recovered to the old prices, and it's sad for a good project...

I don't like shitcoins but delisting is usually unnecessary even delisting of a coin run by an angry liar like faketoshi. If people don't like the coin they should vote on it by dumping and not buying it. They shouldn't look for higher power to remove the coin for them.

Exchanges are abusing their power by delisting traded coins and forcing people's hand to dump before they are no longer able to.

The most interesting thing in this story is that the Binance exchange voluntarily added the BSV coin to its platform....and then abruptly removed and allegedly began to fight with shitcoins.
This is contrary to the policy of the exchange itself.They allegedly check the project for fraud before you add to the exchange,then it turns out that this is a useless coin.

Time will really come that a coin will eventually vanish specially those coins which people have no interest. Once a coin could no longer be found to be developing, it will surely get delisted. Even without delisting, coins with no demand is still useless even though it is in an exchange. It's really better to see fewer coin that really has potential than seeing many shits coin, but time will come that it will surely happen.