Crypto Exchange Bittrex To Delist 82 Altcoins For Lack of Liquidity
Las Vegas-based cryptocurrency exchange Bittrex has announced that it will delist 82 altcoins with poor liquidity on its platform by the end of the month.
In a statement, Bittrex said that the decision to delist these tokens has been made on the basis of maintaining the exchnage’s “strict coin listing criteria.” Of the 82 altcoins to be delisted, 28 have either “broken blockchains or wallets that will not allow withdrawals.” Other coins are set to be delisted due to thin liquidity.
“Occasionally, there are circumstances that lead Bittrex to remove a coin’s wallet or market from the Bittrex Exchange,” the company said. “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.”
The entire list of altcoins that will be removed include: 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, VP, WARP, XAUR, XBB, XC, XCO, XDQ, XPY, XQN, XSEED, XTC, and YBC.
Once these wallets are removed, Bittrex will no longer be able to recover these coins. Users are advised to withdraw their coins before March 30 in order to keep them.
Earlier this month, Bittrex’s new terms of service came into effect, prohibiting citizens or residents of any state, country, territory or other jurisdiction that is embargoed by the United States from accessing the exchange. The US law currently prohibits Bittrex from doing business with residents of North Korea, Iran, the Crimean region, Syria, and Cuba as well any person with economic sanctions levied against them specifically by the federal government.