Bittrex to remove 82 Coins by the end of the Month

in #bittrex3 years ago

You can relax though, Steem and SBD aren't one of them.

In a blog post the other day, Bittrex announed that they would be removing support for 82 coins.

The post can be seen here:

https://support.bittrex.com/hc/en-us/articles/360001609031

Luckily for all of us here, that list doesn't include the likes of Steem or SBD.

Phew.

If it doesn't include Steem, who does it include?

The list in it's entirety can been seen here:

8BIT
ADC
AM
AMS
APEX*
ARB
BITS*
BITZ*
BLC
BOB
BSTY
BTA
CCN
CRBIT*
CRYPT*
DAR
DGC
DRACO
DTC
FC2
FRK
FSC2*
GEMZ
GHC
GP
GRT
HKG
HYPER*
HZ
J
KR*
LXC*
MAX
MEC
METAL
MND
MTR*
MZC
NAUT
NET
NEU*
NTRN
OC*
ORB
PRIME*
PXI
ROOT*
SCOT
SCRT*
SFR*
SLG
SLING*
SOON
SPRTS
SSD*
STEPS*
STV
SWING
TES
TIT
TRI
TRK
U*
UFO
UNIQ*
UNIT
UNO
UTC
VIOR*
VIRAL*
VPN
WARP*
XAUR
XBB
XC
XCO
XDQ*
XPY*
XQN
XSEED*
XTC
YBC*

*According to Bittrex, the coins with an " * " next to their name is due to there being an underlying problem with the blockchain or wallet for that particular coin that will not allow for withdrawals.

Why the removal of so many coins?

Bittrex states that the removal of coins and wallets has to do with meeting their listing requirements, or lack there of.

This from Bittrex:

"These actions are taken to ensure customers have access to digital tokens that continue to meet our strict coin listing criteria and have a properly functioning blockchain and wallet."

(Source: https://support.bittrex.com/hc/en-us/articles/360001609031)

If you have any of these coins, they need to be removed by March 30, 2018 if you would like to have access to them.

Personally, this sounds like part of the process of cleaning up the exchanges to better meet regulator requirements.

The sooner we can clean up much of the garbage out there, the sooner real projects like Steem can achieve more accurate valuations.

Stay informed my friends.

Image Source:

https://medium.com/@rahulsood/interview-with-ceo-of-bittrex-e372f16a336b

Follow me: @jrcornel

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Wow, so many coins I've never heard of. Some hidden gems among the lot, or are they all garbage?

To be honest, they are probably all garbage, hence why they are being removed. :)

it might not be a bad thing: any coins last this bear market will have a bright future

It looks like the is no target for the link in you post.

maybe it will catch on and there will be

Good article .. need to bookmark for deeper investigation about these coins

Busy.org can make bokmarks

the pity is only the is no bookmark function on steemit.

I heard if using steem through busy.org ( we’d have the bookmark ; among other good functions )

Thanks for this Link 🙏🏼

The main thing is that SBD and STEEM leave.

its the best step to make sure that the market does not have shitcoins!

Bittrex doing housecleaning is a good idea.More should be done to regulate the influx of useless coins into the market.

None of the ones I'm hodling... of course as good as I am at picking coins, they will probably remove themselves!

Haha that is pretty funny. Clean up the garbage coins!

I don't even recognize any of those on the list... Of course the way cryptos are behaving now anything can happen- so I bought some more!

Same here :)
Cheers 🍻

it could be a mess if this is the story

I have nostalgia when i see some of those coins!!!

For example XC - I taught it will stay for permanent but Dan has done some bad moves

Thanks for share this news.realy great work.

for me what matters is steem and sbd
as long as they are safe i am alive!

Just for fun.. some1 dare them to remove BTC ;-)

There's nothing like a little Spring cleaning! Markets are going to consolidate and the new money will come rushing in again.

I am thinking so as well.

We shouldn't care about Bittrex, decentralized exchanges are the future of cryptocurrencies.

Very good information, thanks for sharing information to us ..

How can we keep our coins safely,
Please tell us.
thank you

Yea this could be a good thing for the crypto community.

especially for those who do not check e-mails.thank you

Spring cleaning!

Phew! None of the coins I have is amongst those

Good. Amateur crypto-heads often invest in small cap poor project simply because of they don't know what to invest in. I made this mistake myself at the start of my crypto journey. Money wasted. There's so many legit projects that we really don't need people to put their money into rubbish. I don't think I recognize any of these coins, so can't say for sure whether they are rubbish or not, but I assume they are!

Seems like they will be listing some good and well organised tokens in the coming days !

In a way they did took a right decision though !

That's bad news for me because I hold many coins on this what I do now can you suggest me

well, Farhan, bittrex is not the only exchange. Am sure there must be other exchanges. In the short run, have them moved over to other exchanges and try to get rid of em as quickly as possible by exchanging for whatever little you'd get for them in BTC /ETH.

If Bittrex is going to take 'em off, I think sooner rather than later they're going to crash. This, however, is just my personal take. My 2 cents.

I think even Binance does something very similar that they discontinue coins based on regulatory requirements I believe. I think most of the exchanges with better standards would do this.

If anything, we should only feel good about trash being removed.

This is great news in my opinion. There are so many junk coins out there right now. There have been over 100 new coins added to Coin MarketCap over the past month or two alone. It seems like anyone can throw out their own ICO and have a digital token. The big problem is that there are so many new investors in the market. These people are often getting duped by these garbage ICO’s and in many cases they jump onto some of the pump and dump scemes and then get left holding the preverbial trash bag. Let’s have markets only deal with legit coins that have solid foundation and function to them. Go Steem!!!

well information keep it up thanks for shareing

Woww! BITTREX is Very Amazing. I Very Like It

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Yayy I'm happy that steem and SBD are safe. But what the hell is happening with the crypto world ?
I really don't understand.

What's a SHOCK to newcomers, it's a day as any other for long term investors. Long term charts look very normal, upward trend not even scratched.

Fortunately I don't have any of those coins. Most of them I have never even heard of such as TIT and UFO.

I have to say though......there's a chance I would have bought those coins on name alone if it wasn't for your information. Thank you for letting me know.

STEEM. I'm a survivor!!!

Great stuff, I think this is a good thing. Get rid of the crap scam coins that do nothing, have no purpose.....then we can RISE again!!

@jrcornel,
I noticed you voted firepower as witness. Do you know he downvotes all my posts and comments in order to hide his little dirty secrete? Firepower is a shame for Steem community.

You may want to read the following to understand his true color: