Poloniex Delisting 23 Trading Pairs, Whats The Effect?

[asder250]

Poloniex is a big cryptocurrency exchange with good trading volume. If you own some of delisted coin, there is a chance that there will be not enough liquidity to sell or buy your coin. 

[lolgato1]

Who is still trading on Poloniex? When you look at coinmarketcap you will find out that it is the 70th biggest exchange. Pretty bad score when in 2015-2016 it was one of the biggest one. 

[aioc]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

Exchanges always have the option to delist tokens that are not performing well in their platform, this is understandable, it takes up or loads up their database and their server as well, maybe this token is performing better on other exchange but no ton Poloniex, but that does not mean that those coins are shitcoins.

[poornamelessme]

I don't think it'll have any effect at all, as it's mostly XMR/ETH pairs being delisted. It's not the same as removing a coin entirely, or against BTC.

And it's not surprising really for those pairings to be delisted. I never quite understood why Polo introduced XMR pairings to begin with.

[thesmallgod]

Of course, it will have a tremendous effect on the coin. low trading volume and also token holders and many investors will be scare to wanna buy the tokens. However, I discover most time, when reputable exchange platform calls for delisting of the tokens, it is most time due to the fact that most of those projects are dead or turn to scam. Such platform does not like listing tokens that have zero trading volumes in 24 hours for so many weeks. Literarily, it makes the platform look substandard

[Febo]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

It is delisting Monero, Ethereum and tether pairs. Pairs with coins that had low volume. IT is no change for any coin involved. Since all those coins have at least pair with Bitcoin if not more.  Poloniex is foloving their plan from 3 years ago to become elite exchange with 50 pairs.

[BayAngelo]

obviously yes especially if those coins have little volume and are traded in other smaller exchange. poloniex is a huge exchange with huge volume and also command lot of trade. it will definitely affect the coins market. besides new projects are pumping out daily. i believed they will replace them immediately.

[Rustamm]

Who is still trading on Poloniex? When you look at coinmarketcap you will find out that it is the 70th biggest exchange. Pretty bad score when in 2015-2016 it was one of the biggest one. 

Poloniex has truly become a less popular and influential exchange. I also left this exchange and have not used it since 2017. Therefore, I think that listing or delisting of different trading pairs or coins will not be able to greatly affect the crypto market as a whole.

[Febo]

Who is still trading on Poloniex? When you look at coinmarketcap you will find out that it is the 70th biggest exchange. Pretty bad score when in 2015-2016 it was one of the biggest one. 

Coinmarketcap volume stats are totally fake. Poloniex is in top10 of biggest exchanges. Just log on and try to trade. DO same on some exchanges that are listed on Coinmarketcap on higher place then Poloniex. You will fell the fake volume there really fast.

[Saisher]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

I don't think it will have an impact at all, they already say that these coins have low volume in their platform, but that does not mean that they are shitcoins, and they have low total volume in the market, they may have low volume in the one exchange, but not in another exchange, it's the total volume of the coin in the market that counts.

[adibi12]

The delisting is due to the lack of enthusiasts for traders to the coin so that the stock exchange owner takes action to do the delisting, this will certainly affect the quality of the token, usually the coin that has been delisted will certainly die on the coin.

[Distinctin]

There's no big effect on the market, but those coins that are delisted loss their chance to gain investors.
Poloniex is not a big exchange anymore, if it's Binance, it could be a big loss, but we know when the exchange started to delist coins, that means those coins are not giving their profit anymore, they will open that slots for the new coins.

For me, if those coin's devs are still active, they should look for an exchange with better volume. .
Currently, Poloniex only has 17 million usd of trading volume, that's too small compared to the volume of some trading sites.

[DaveITN]

I liked Poloniex. good trading community and simple UI.  i heard they were bought out by another big company. had good fun when there used to be a trollbox.  probably best trading fun I ever experienced.

[fortunecrypto]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

I've checked some of the coins that they going to delist and they have a good volume in the market but not on Poloniex, and usually exchange delist coins in their platform that does not deliver the needed volume.

In the case of Poloniex, they are not that popular exchange in the market, people prefer to trade those coins on a more popular exchanges.

[imstillthebest]

I've checked some of the coins that they going to delist and they have a good volume in the market but not on Poloniex, and usually exchange delist coins in their platform that does not deliver the needed volume.

can you name some of those coins ? im just curious if what are those coins but i dont have a time to scan the link right now  .  polo is quite a bit famous but there are other more famous exchangers than them , that might be the cause of coins dying on thier platform but if they kept on doing it , the time will come that thier exchange will shut down because all coins are already delisted .

 when it comes to the effect of them delisting coins , i guess the effect will only appear on thier own exchange but not on others .

[andika2018]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

I've checked some of the coins that they going to delist and they have a good volume in the market but not on Poloniex, and usually exchange delist coins in their platform that does not deliver the needed volume.

In the case of Poloniex, they are not that popular exchange in the market, people prefer to trade those coins on a more popular exchanges.

Poloniex was an exchanger with a good reputation before the existence of binance, okex or huobi. But now the exchanger competition is very tight and Poloniex is one of the victims of the competition. For coins that are only listed on Poloniex, delisting coins will definitely affect the price but if there are still large exchangers trading, I don't think it will have much effect on prices.

[jyotianand01]

There are many reasons of delisting and it have no major effect on the market. Normally very thin trading volume coins on any exchange will be delisted and this will done by many exchanges. This is a routine exercise and you can move your coin to any another exchange which have listed that coin.

[coin-investor]

I don't think it will have an effect at all on the coins that are delisted on their platform, Poloniex is not even in the top 10 and some of the coins that they are going to delist do have the volume on other exchanges, it could only mean traders of this coins prefer to trade their coins in other exchanges.

But I'm surprised at the number and some of the coins are old coins that traders and investors are trusting like Steem, Qtum, DASH, Xmr

[Coltpython]

Delisting is a common thing in crypto exchanges. So Poloniex removing these coins won't impact much on the crypto markets. Coins are delisted from time to time based on their volume and performance. If less and less people are trading a particular coin, it tends to get delisted over a period of time. However, one thing I noticed is that coins that are billed to get delisted usually pump in price before they go down again and eventually get removed from the exchange.

[masterrex]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

In my own opinion those coins/tokens are also listed on some big exchange other than Poloniex so i think there is no negative effect on delisting it on Poloniex, majority of those coins/tokens are listed in top 100 crytocurrency base on CoinMarketCap data so theres nothing to worry about for sure.