Poloniex To Delist 17 Altcoins In May Without Explanation

[Immakillya]

These altcoins were great. But polo thinks there are many coins out there are more deserving than these coins. Most of coins that are going to be delisted are no improvement. Polo is choosing what alt can be profitable in the future. So keep calm. If you bought some of these coins. Just pull it out and take it to other exchange.

[abayan]

Cryptocurrency exchange Poloniex has announced it is delisting a record 17 altcoins effective May 2.

BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG

IS IT REAL ?

Yes it is real .
Thinking up to in delisting that crypto's is a possible low volume or in other term it will have no value to trade .Just like cex exchange delisting coins which is not actively traded in the market .It will e only hassle in the list and for the newbies to trades that crypto .That a good thing for some coins if they dont want to be delisted .They will make a move on it .

[jakelyson]

They have been delisting non performing coins ever since. If there is a note that it will be delisted soon, then it is worth it to check if you have those coins and dump them. If you don't want to dump them, move them out and put it on your own wallet before the due date.

[onrise]

Yes why not they will delist the altcoin which doe snot have any recognition in the market much. A very simple logic why altcoin is being created is for the benefit of owners. Only 2-3 altcoins are their which will be there in coming year rest you will see in coming time all getting delisted soon.

[Luigi21]

The best way to introduce new altcoins/shitcoins.

[electronicash]

Yes why not they will delist the altcoin which doe snot have any recognition in the market much. A very simple logic why altcoin is being created is for the benefit of owners. Only 2-3 altcoins are their which will be there in coming year rest you will see in coming time all getting delisted soon.

there had been a lot of exchanges already in the industry. why worry being delisted on just one exchange. polo may be huge but they still can survive so long as they don't give up. ICN isn't on polo but they are moving forward so are the rest. some aren't even listed on bittrex. sad to see those holders of these coins that are to be delisted sold their bags already.

[housebtc]

I think these coins have low trading volume, I think most of these project thinks once they get to Poloniex there is no need to do any developmental work, remove bugs in their code and release update. There are alot of good  projects  in the space queuing to get listed on Poloniex

[JeffBrad12]

I think these coins have low trading volume, I think most of these project thinks once they get to Poloniex there is no need to do any developmental work, remove bugs in their code and release update. There are alot of good  projects  in the space queuing to get listed on Poloniex

Regarding the latest news from poloniex to add gnosis as soon as possible to be tradable on polo exchange and I can make a conclusion about all of the coins will be delisted by poloniex is a lack of the development by the dev.

It seems like there will be no more demand in the future.
Some of the new altcoins have been taking their demand.

I mean if a lot of the old coins supporters are migrating into another new.

[TravelMug]

I think both Polo and Dev should talk first before making any decision. Yes those coins have low or no volume trading at all. But for me to be fair with the dev and traders, Poloniex should at least inform them ahead of time and give a reason why they are removing the coins from their trading platform so that this could be avoided. Maybe dev is doing some enhancement on the coins or maybe traders or investors are willing to buy some in the future.

[goinmerry]

I think both Polo and Dev should talk first before making any decision. Yes those coins have low or no volume trading at all. But for me to be fair with the dev and traders, Poloniex should at least inform them ahead of time and give a reason why they are removing the coins from their trading platform so that this could be avoided. Maybe dev is doing some enhancement on the coins or maybe traders or investors are willing to buy some in the future.

I think Poloniex is informing those coins devs that will be delisted ahead of time before the official announcement. If it's not maybe those devs are given period of time to make things goes the right way before the target date of delisting.

Poloniex doesn't want the way of other altcoin exchange that mixing those active and inactive coins. Most of the delisted coins are turning into dead one in most of the cases that's why it's good if they will clean up the mess to avoid new traders to deal with those coins.

[amaral1977]

Poloniex and other exchanges are a business. If the coins dont perform and have limited volume they might not worth the trouble to maintain them in the exchange.
If you dont want to dump the coins move them to another excahnge and keep trading.

[asyakashi]

Cryptocurrency exchange Poloniex has announced it is delisting a record 17 altcoins effective May 2.

BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG

IS IT REAL ?

Competition in the poloniex market is so tight that the coin whose low trade volume lost a lot of demand. It is possible to maintain the quality of poloniex as exchanger with the largest volume. Hopefully, there will be a lot of new coins better. 

[romancheg]

Cryptocurrency exchange Poloniex has announced it is delisting a record 17 altcoins effective May 2.

BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG

IS IT REAL ?

Competition in the poloniex market is so tight that the coin whose low trade volume lost a lot of demand. It is possible to maintain the quality of poloniex as exchanger with the largest volume. Hopefully, there will be a lot of new coins better. 

+ They have recently had problems with the exchange itself, I bet it is connected with Polo's performance. They just want to delete all those coins which generate low commission profits but still load the system and cause problems.

[ether19]

Obviously Poloniex is making some room to list new coins. I believe there are new ICOs and Dapp coins which have enormous potential to do well in future and it would make sense if they get listed in poloniex. Also some coins which are pretty much dead should be taken out. Although I cannot say most coins that poloniex decided to delist are not dead. 

[asriloni]

Poloniex and other exchanges are a business. If the coins dont perform and have limited volume they might not worth the trouble to maintain them in the exchange.

It's fair to replace the coins without a good development with other coins that coin has a good development.

Some of the delisted coins have enough volume for a day trade. But the lack of the development has to be the main concern for the poloniex to take a decision for delisted them all.

[TryAngle]

I guess poloniex feels like they can only support a certain number of coins at a time or they have some criteria to determine which ones customers use or trade the most.

[Monnt]

I believe delisting some of trading pairs from exchanges a general practice and almost every exchanges are already doing it. Why this poloniex's move alone getting this much attention ? I do see some cryptocurrency news magazines also covering this as a big issue.

There are a lot of reasons why an altcoin is getting delisted from exchanges. The most obvious one is low to zero trading volume. There will be no meaning of keeping some shitcoins whose dev are not active enough for solving issues.

[lx001]

earlier Poloniex was not so popular, and they were regularly adding shitcoins. now the exchange is well known, new coins are being added more rarely, everyone wants to get in there. they will delist even more coins, because they have to position themselves differently now

[Sweetbtc]

They are running a reputed exchange and I don't see any reason to put such coins which don't have much volume, or being traded there consistently there. I know there are few coins which were too good but not necessary that we will always see them there as the space and usage it takes is useless unless there is some great volume and an actual need of putting them there.

Poloniex the biggest crypto exchange charges only 10k satoshi for btc withdraw and the btc will arrive within minutes. trading sites are taking advantage of the fees to sequeeze more money from users

[KuromaYoichi]

I do not like this action. It is totaolly terrible to everyone who is holding those coin. I feel shocked when they make this move. LOL I can not know why poloniex is so dirty. They can earn money from doing good things. Please polo, do not try to upset your customers

They need the money from the fee to run and keep the maintenance of the site. There's a lot of good or potential coin that deserve the place more than those one which got delisted. You should blame the community who can't support the coin to keep it listed and it's not like it's the end of the world if some coin get delisted. They can climb back up if the community and dev care about it.