Bitfinex Removes Almost 100 Trading Pairs

Pffrt

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Quote from: gentlemand on March 22, 2020, 08:05:07 AM

I've perused the list. I can honestly say I have only ever heard of two of those projects. I'm amazed Bitfinex bothered to add that many in the first place. I'm amazed that heap of shit stayed on there so long.

I am surprised that Bitfinex has such a huge big list of pairs which I had no idea about. Same as you, I have only heard about Verge and Dragonchain even though I'm very much interested in investing in a various altcoin.
Anyway, it's a good move from Bitfinex, to achieve a bigger goal, they have to get out of most shitcoins.

gentlemand

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I've perused the list. I can honestly say I have only ever heard of two of those projects. I'm amazed Bitfinex bothered to add that many in the first place. I'm amazed that heap of shit stayed on there so long.

Quote from: countryfree on March 21, 2020, 09:59:47 AM

Smart move.
It will make Bitfinex safer, by removing the risk of people crashing the market with huge bets on an underperforming altcoin.

Unlike Poloniex I presume they're competent enough not to have exposure of that sort to outright junk.

countryfree

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Smart move.
It will make Bitfinex safer, by removing the risk of people crashing the market with huge bets on an underperforming altcoin.

Akiko

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Quote from: LeGaulois on March 20, 2020, 03:48:11 PM

Link to the news https://www.bitfinex.com/posts/466

From a business point of view, I find legitimate to remove underperforming coins/pairs. Bitfinex isn't the first and not the last to do it, as they say, it will help to consolidate and improve liquidity. It still one of the top exchange platforms by volumes.

They also delisted ~50 trading pairs 2 weeks ago for the same reason of low liquidity, look like Bitfinex is in a serious spring cleaning period.

"increasing competition within the altcoin space," considering 99% of altcoins are useless, even if it was bananas it would be the same

it is also a big help in the market removing those useless coins /tokens can help to trader's determine what will be good coins to choose to invest. There are many choices already and removing those low liquidity coins can help also to increase the volume of other coins thats not belong to the coins that will not delist.

Hope other exchange will also do the same we have many shit coins now in tha market and having many coins is not really help the market to grow.

LeGaulois

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Link to the news https://www.bitfinex.com/posts/466

From a business point of view, I find legitimate to remove underperforming coins/pairs. Bitfinex isn't the first and not the last to do it, as they say, it will help to consolidate and improve liquidity. It still one of the top exchange platforms by volumes.

They also delisted ~50 trading pairs 2 weeks ago for the same reason of low liquidity, look like Bitfinex is in a serious spring cleaning period.

"increasing competition within the altcoin space," considering 99% of altcoins are useless, even if it was bananas it would be the same

Nevril

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Citing low liquidity, Bitfinex has announced that it will soon delist over 87 trading pairs. This move reflects the increasing competition within the altcoin space, and could prompt considerably more market volatility.

What do you think guys?

Topic: Bitfinex Removes Almost 100 Trading Pairs (Read 134 times)