Bittrex coin, why not?

[numeracci]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

[1713955311]

1713955311

[1713955311]

1713955311

[partysaurus]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

feels like the market has enough coins with over 1000+ of them , the market dont need more coins, what the market needs is coins that improves something real and not just promise things.

[mk4]

I'm pretty sure they're bound to create such a token in the future, as it's pretty evident that it's a good business move(like with BNB's case). It just depends on what the coin they're going to make can actually do.

[boyptc]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

Do you think that there's a reason for them to create one? if they don't have any reason, then there's no reason for them to create one and we don't have to think of it.

[numeracci]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

Do you think that there's a reason for them to create one? if they don't have any reason, then there's no reason for them to create one and we don't have to think of it.

Well the reason it's pretty clear I think. Pay fees on the exchange with that coin, and since there's a nice volume there, the whole thing should work as demonstrated with aforementioned exchanges. But maybe not.
Just asking for opinions here.

[enhu]

The exchange existed long before the idea of an exchange having their own token for the trading fees, of course they get coins as trading fees. Exchange tokens are very common these days so I wouldn't be surprise if they also will follow the idea but then again I'm reminded that they did create Bitsdaq which is for now in Asia market. The exchange has token so maybe soon this Bisdaq will also have for US market.

[numeracci]

If a very heavy exchange Bitrex don't have own coin then there must be a reason. But what could be the reason? Maybe they are still waiting for the right time to bring up their own coin with such massive features that no other coins have till now. Maybe just opinion

Yes I agree with this. Seems surprising that they don't have one.
Maybe just waiting the right moment. Or they think this could not work.

[boyptc]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

Do you think that there's a reason for them to create one? if they don't have any reason, then there's no reason for them to create one and we don't have to think of it.

Well the reason it's pretty clear I think. Pay fees on the exchange with that coin, and since there's a nice volume there, the whole thing should work as demonstrated with aforementioned exchanges. But maybe not.
Just asking for opinions here.

They will just copy the idea that these exchanges that released their coin.

If there will be, I don't think it will be just like that or they will reinvent something new just like what BNB is doing.

[Bunsomjelican]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

First you must know that Bittrex was owned by US, now because of that most of bittrex players decided to pull out their coins or sell it due to that crypto in US are banned. So the credibility and reputation of bittrex was totally down. Imagined before Bittrex is one of the top 5 exchange in the market and now was not. So, I hope you get my point.

[canadian33]

I was wondering the same recently. So, thanks for your ideas, community.

[CryptoBry]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

I had been wondering the same thing but I think it has something to do with the fact that Bittrex is not really aggressive and pro-active as a cryptocurrency exchange outfit...no wonder exchanges that later on came on the scene were able to grab more market share than Bittrex. At this point, Bittrex can still launch its own tokens if they want to but the market may not be as responsive as before when Bittrex belongs to the top 3 spots in the business. Maybe it is too late for this idea not unless Bittrex can be able to reclaim its lost territorial ground.

[CryptoIyke]

Maybe they do not want to do a lot of copy from Binance because they have been existing long before Binance started and should have been leading. So far not overtly impressed with Bittrex as it appears they are not working hard to retain their users and one of such is not having an Android app till now just like Binance, Kucoin and some others

[Karlinz]

I don't think Bittrex will ever launch their coin as they would want to remain original and be charging their trade fees from existing coin unlike Binance. Besides their a lot of exchanges that have copied Binance's idea to create an exchange coin but such projects are as good as failed. No good value and meeting increasing dump if already on exchange. Let them concentrate on improving the exchange and providing a better service than creating another crypto

[Caladonian]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

Do you think that there's a reason for them to create one? if they don't have any reason, then there's no reason for them to create one and we don't have to think of it.

They are in the business for such a long time and if there's any sign that they will enter this venture for sure they will introduce one, but like you have said
maybe there's no reason as they already have enjoying the nature of their business, whatever the reason behind only them can answer, or we are not also
sure if they don't have any plan, perhaps they are considering and checking the possibilities of having their own versions and be like something what binance
achieved around this industry.

[auntyjmary]

It could be that Bittrex wants to remain original and focus on their own philosophy. It has become a normal trend  for almost every cryptocurrency exchange to create their own native token, but it seems Bittrex has a different pathway. Sometimes it is good to stay unique and not follow other people just because they have succeeded doing a particular thing.

[tsaroz]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

It actually have many side projects that are issuing different coins. Tokinex, a subsidary of Bittrex is having an ICO at current time at http://tokinex.ethfinex.com/
Bittrex itself is a profitable business which they don't want to share with anyone.
Branches of Bittrex, Ethfinex has Ethfinex nector token.

[dragonvslinux]

Probably because it's a tragic exchange without a lot of community support. It's part of the wave of old school exchanges that are mainly only good for long-term price data. Nobody would miss an exchange like Bittrex, as long as the trading data has been backed up, instead people just seem to miss having their funds back from this exchange.

[Ridwan Fauzi]

A bit weird when an exchange which has a high credibility in the cryptocurrency market but its developer does not have a clear project on the development of cryptocurrency. I pretty sure that Bittrex is one of the most appreciated exchanges who choose by many users, but that was once and now it is slowly the bitcoin users are starting to withdraw their assets they had and move them to another exchange. But it does not rule out the possibility when their developers are aware of this things they will immediately make their own coins.

[madfox11]

If I remember right, it is a US-based exchange, so the reason is the lack of regulation. Legal recognition of cryptocurrency will open doors to Bittrex own token. I think it's a matter of time. 

[numeracci]

If I remember right, it is a US-based exchange, so the reason is the lack of regulation. Legal recognition of cryptocurrency will open doors to Bittrex own token. I think it's a matter of time. 

Nice answer. US regulation of cryptos has enormous potential.