Bittrex the exchange for cryptocurrencies has announced that they will be shortly Delist some digital currencies from its platform that up until today they were present and that could be changed or purchased.
The cryptocurrencies that will no longer be present from July 19th are:
- Bean Cash (BITB)
- BitSend (BSD)
- Dynamic (DYN)
- GridCoin (GRC)
- CloackCoin (CLOAK)
- Korea (KOREA)
- Syndicate (SYNX)
- Sequence (SEQ)
- TransferCoin (TX)
All the cryptocurrencies that will be delisted by the exchange Bittrex they had pairing with the BTC. Once the news came, all digital currencies suffered an almost immediate collapse. In fact, these are traded on a few exchanges, so having one less has negatively affected their value and also on the purchasing possibilities.
But why did Bittrex choose to disappoint them? The reason for this delisting is most likely due mainly to the low exchanges that take place on these pairs. So there is not enough exchanges the costs of maintaining digital currencies for the exchange become excessively expensive.
As explained by the company on Zendesk in fact: the complete details for the choice of delisting can easily be found in our official policy under the heading dedicated to token removal. In any case, we choose to remove some tokens for various reasons including malfunctions of the blockchain, or violations with our listing agreement. Among the main reasons we also find a missing answer from the teams that created the tokens and the detection of compliance problems.
So the specific reason for each cryptocurrency has not been released, but one of the reasons we have mentioned may have led to the delisting of one or more of the digital currencies that will no longer be available on the exchange starting July 19, 2019.
