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Author Topic: Bittrex coin, why not?  (Read 1426 times)
bysmf2000
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June 18, 2019, 02:58:29 AM
 #41

.. not like other exchange out there they have their own token but the project is dead.. 

i dont think soo, binance have a success project with their coin/token. But for now Bittrex not thinking to create their own coin/token

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June 18, 2019, 03:20:17 AM
 #42

I have the same think with you, Why Bittrex as one of the top exchange not create their own coins?
I think their team is still develop the concept,maybe.
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June 18, 2019, 03:25:49 AM
 #43

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.

There is no reason bro. One thing to know about these exchanges you listed is to check the location of the exchange. You can't just issue your tokens in an exchange in the US so I guess there is a strict regulation governing these exchanges located in the US like poloniex, Bittrex, coinbase and the likes. Will it be a security or utility token?
Etherdelta got a nice case the past year for issuing their own token. 

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June 18, 2019, 03:28:16 AM
 #44

Thus bittrex is an exchange even though they dont have their own token/coins yet, the important is they are already successful. And I guess, maybe they are just planning this to happen, we may not know that one of this days they are going to release their coin too lets just wait it until ita happens. But for now, if you wanna try simething new to you I prefer you to try the dencoin tokens tjat is also consider as successful.
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June 18, 2019, 04:10:43 AM
 #45

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.

I agree, in just time we will see them announcing their own token.
As the IEO is growing in popularity and they are a decent exchange, their exchange will be more popular when they a coin that can be traded in their own exchange as well.

Also, I'm thinking that some US customers might starting to use Bittrex due to the recent news from Binance which US clients are not anymore allowed.

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June 18, 2019, 04:20:16 AM
 #46

I suppose they haven't planned that yet or its on their waiting list to do in the coming days. Also they aren't the only exchange that doesn't have a custom token. Another thing  to note is that they directly affiliated to a new exchange called Bitsdaq

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June 18, 2019, 04:43:40 AM
 #47

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 is very simple, releasing thier own tokens means they are offering security and do you want SEC to come after you, NO. I will ask you that how many US based exchnage have their own tokens, Not one I can thing of, CoinBase, Bittrex, Poloniex, Gemini etc they all avoid this because it is a bad market for them

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Chika08
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June 18, 2019, 04:47:59 AM
 #48

I don't think it's that important for an exchange to own a native token and also I am sure it was not on their business plan so definitely it's another ball game all together and maybe they will do so in the future
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June 18, 2019, 06:25:40 AM
 #49

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.
We don't know if they will plan something like this in the future. But as long as there's no indication that they will enter to this new kind of venture, we will eventually know it.
shoreno
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June 18, 2019, 06:32:28 AM
 #50

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.
We don't know if they will plan something like this in the future. But as long as there's no indication that they will enter to this new kind of venture, we will eventually know it.
i am sure that bittrex did plan to create thier own coin on the past but there might be a valid reason on why they didnt released it on the public  but after they saw the success of binance and kuckoin , i think they will change thier mind and they are now starting to re create thier own version of thier own coin  but we must not worry because they will soon give a public announcement regarding on the coins information such as its price , supply , and specifications  .
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June 18, 2019, 07:10:40 AM
 #51

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.
Most of the coins out there is a proliferation of projects. I don't see the reason why Bittrex should have their own tokens exchange fee is charged against a trading pair. BNB and KCS still charges in transactions with Btc, ETH and other pairs. There's just no reason for exchange coin at the first place.
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June 18, 2019, 07:48:15 AM
 #52

We don't know if they will plan something like this in the future. But as long as there's no indication that they will enter to this new kind of venture, we will eventually know it.
i am sure that bittrex did plan to create thier own coin on the past but there might be a valid reason on why they didnt released it on the public  but after they saw the success of binance and kuckoin , i think they will change thier mind and they are now starting to re create thier own version of thier own coin  but we must not worry because they will soon give a public announcement regarding on the coins information such as its price , supply , and specifications  .
Can you have any source about that?

I can't remember in the past that they ever planned of launching or planning their own coin. I guess every exchange go with the flow and popularity of exchanges coin but if Binance coin didn't became popular, they won't think of something like this.
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June 18, 2019, 08:33:09 AM
 #53

I am also curious about what reason the bittrex exchange has so they don't make their own coins. Bittrex also a few months ago deleted a lot of coins to reach 82 coins.
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June 18, 2019, 12:03:47 PM
 #54

I am also curious about what reason the bittrex exchange has so they don't make their own coins. Bittrex also a few months ago deleted a lot of coins to reach 82 coins.
That is because Bitrex wants to make the exchange only contain tokens or coins that have a good platform, and for cryptocurrency registered at Bitrex does not have a trading volume at all then it will be deleted because it might be considered as junk coin.
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June 18, 2019, 12:46:36 PM
 #55

The crypto market is full of dynamics, while older exchanges have made their mark newer ones should be here to make the changes, Bittrex is still among top exchanges, it may not follow the path of Binance in its development but I would wish to see them take another path in bringing a whole lot to their platform and one of such is developing a trade app

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June 19, 2019, 07:46:53 AM
 #56

It would at least have a utility to use unlike many coins out there. The reason why bitcoin is loved by many is that there are many places that accepts bitcoin now which is awesome, people love ethereum because you can do dapps with it and use it on those dapps or you can do ICO with it and fund new coins with it and many other things, people like eos because you get to do dapps with it too, people love bnb because you use it on binance as well.

So, as you can see there are awesome coins that has a "use" for them, if bittrex created their own coin I am sure it would be in top 25 right away or at least will take a bit of time but will reach there. People will always be drawn to coins that have some sort of use for it, a coin you buy and hold until you sell is not liked that much anymore.

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June 19, 2019, 08:08:56 AM
 #57

Maybe they just don't want to create it right now
They still focused on security and optimization of their trading platform.

And I think they also better to fix their reputation right now because of their bad IEO program than create their own token/coin...
There are so many people hate Bittrex right now after they participate Bittrex IEO and then REKT...
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June 19, 2019, 08:36:37 AM
 #58

I think Bittrex don't need that coin.
Bittrex is some good and big exchange, it alive without coin cryptocurrency.
But if Bittrex coin i think it not bad too.

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June 19, 2019, 08:42:46 AM
 #59

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.
Seems like they more accept a neutral position on this exchange token race, but tell you the truth Bittrex today is not the biggest exchange, like it was in 2017, it lost his power and if they create their token and announce for example tomorrow, it won't make much noise and hype, not a big deal.
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June 19, 2019, 08:48:30 AM
 #60

the more this types of coins like BNB are created and get pumped to give their creators (who hold the 100% premines of these coins) a ton of profit, the more we are going to see new ones like them be created because nobody dislikes making easy money in the millions!
but the problem is that soon the market will be filled with this types of coins specially since every exchange these days are creating more than one of them!!!

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