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Author Topic: Bittrex Will Remove 82 Tokens Due to Lack of Liquidity in Small Cryptocurrencies  (Read 172 times)
samnews (OP)
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March 18, 2018, 01:06:17 PM
 #1

Bittrex, one of the largest cryptocurrency exchanges which also powers UpBit, South Korea’s second biggest exchange operated by Kakao subsidiary Dunamoo, has stated that it will remove 82 tokens from its trading platform.

read more : https://samnews.net/bittrex-will-remove-82-tokens-due-lack-liquidity-small-cryptocurrencies/
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March 18, 2018, 02:24:55 PM
 #2

Sounds like a good move.  Price manipulation is absolutely rampant in some of these exchanges and huge amounts of newbies' cash is getting gradually sucked up by pump and dump schemes.

It'll still be possible with the most low-cap coins removed, but it would take a lot of work and a lot of money which only whales could muster.

They shouldn't be adding so many dodgy cryptocurrencies in the first place, but this is a step in the right direction at least.
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March 19, 2018, 03:21:44 AM
 #3

They had said that they would send an email to those who had any of those coins. I believe that many of these projects have already died, had a survival with the pump, but now should not have many people interested.
And many of these projects were being used exclusively for groups of signs and pump and dump schemes. Almost like a casino roulette. I think it's interesting that Bittrex are willing to work only with serious projects that have a consistent roadmap.

This is good for the whole environment. Focusing on serious and useful resources will be good for the future of crypto-coins.
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March 19, 2018, 03:28:34 AM
 #4

Probably this list


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March 19, 2018, 06:16:20 AM
 #5

Bittrex, one of the largest cryptocurrency exchanges which also powers UpBit, South Korea’s second biggest exchange operated by Kakao subsidiary Dunamoo, has stated that it will remove 82 tokens from its trading platform.

read more : https://samnews.net/bittrex-will-remove-82-tokens-due-lack-liquidity-small-cryptocurrencies/

It is definitely a good move. Most equity exchanges have these kind of rules as well - there must be some basic trading volume and liquidity to justify a listing. Bittrex is an established exchange and it doesn't do its reputation any good, if marginal coins, which are predominantly used for pump and dump schemes, are listed there. Even after the removal of these tokens, the number of tokens listed there will be high enough to attract the serious traders.


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March 19, 2018, 03:56:03 PM
 #6

This is really messy for the hodlers of these tokens. We're talking SALT and FCT and LGD. These aren't scam coins or anything. I mean, LGD is in active use every single night.


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