Topic: [2018-10-14] Major Exchanges are Delisting Coins as some Begin to Falter - page 2. (Read 208 times)
October 15, 2018, 02:05:31 AM
This is good advice. We should not hold any coins that don't have a regular dev team support. It is just too easy to create a clone coin now.
October 14, 2018, 06:57:44 PM
I am not very happy about this as an Aeon bagholder hehehe. If your favorite cryptocoin is trading in low volume with an inconsistent development team, then it might be better to sell them right away and hold something else. Do not take the same risks that some of us are taking.
In any case, we should also be happy. The exchanges are only doing this to provide us with a more professional service which would only help in the growth of the cryptospace.
Earlier this week, Binance announced the delisting of Chatcoin, Bytecoin, Iconomi, and Triggers. The exchange did not specifically address the reasons for delisting these coins, but it has indicated that lack of development progress, and a general failure of the teams to maintain public communication played a role. Over the past few weeks other major exchanges have also delisted coins for quality issues. Last month Bittrex delisted Bitcoin Gold, and Poloniex delisted nine coins.
For their part, exchanges have taken greater steps to be transparent about the listing, and delisting process. For example, Changpeng Zhou, CEO of Binance, recently posted detailed advice for platforms seeking listing. Also, Bittrex, Bitflyer, Gemini, and Bitstamp have created the Virtual Commodity Association, an organization seeking to create standards for a wide variety of exchange activities, which includes transparent listing and delisting criteria.
Read in full https://www.crypto-news.net/major-exchanges-are-delisting-coins-as-some-platforms-begin-to-falter/
In any case, we should also be happy. The exchanges are only doing this to provide us with a more professional service which would only help in the growth of the cryptospace.
Earlier this week, Binance announced the delisting of Chatcoin, Bytecoin, Iconomi, and Triggers. The exchange did not specifically address the reasons for delisting these coins, but it has indicated that lack of development progress, and a general failure of the teams to maintain public communication played a role. Over the past few weeks other major exchanges have also delisted coins for quality issues. Last month Bittrex delisted Bitcoin Gold, and Poloniex delisted nine coins.
For their part, exchanges have taken greater steps to be transparent about the listing, and delisting process. For example, Changpeng Zhou, CEO of Binance, recently posted detailed advice for platforms seeking listing. Also, Bittrex, Bitflyer, Gemini, and Bitstamp have created the Virtual Commodity Association, an organization seeking to create standards for a wide variety of exchange activities, which includes transparent listing and delisting criteria.
Read in full https://www.crypto-news.net/major-exchanges-are-delisting-coins-as-some-platforms-begin-to-falter/
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