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Topic: Bittrex coin, why not? - page 5. (Read 1487 times)

copper member
Activity: 617
Merit: 3
The wonders of the blockchain technology
June 20, 2019, 04:33:56 AM
#68
on a second thought, I beleive Bittrex still has some milestones to cover. I am sure they must have weighed the options and decided 'it is not yet time'. it will be very wise for them to look at how other exchange coins are doing and their flaws before they launch any Bittrex Coin. Bittrex is reputable I am sure they will have a definite reason for not launching a coin as yet
sr. member
Activity: 742
Merit: 250
June 20, 2019, 03:58:50 AM
#67
As far as I know because Bittrex is established in the US, there are currently many regulations for exchange and crypto in this country. Maybe that's why they don't build their own coins
member
Activity: 616
Merit: 30
June 20, 2019, 03:52:11 AM
#66
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Maybe they just mean business purely so they don’t have plans so far of creating one,what bittrex want is to focus on their exchange so by that there are no issues or to handlbut only for investors coins that entrusted to their exchange

But I don’t think that in time they will never look for bringing own currency,it’s just that so far they only focusing on single management
copper member
Activity: 362
Merit: 1
June 20, 2019, 03:32:04 AM
#65
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

Maybe exchange site for bittrex is enough to cover all they needs to be stay earned and gathered enough funds for their community, deliver a good outcome to the investors and maintain their strong security of its site. Not all exchange site just depend of their coin they had created someone can sustain without implementing a crypto coin to run a exchange site or other of business.
member
Activity: 1274
Merit: 12
June 20, 2019, 03:25:41 AM
#64
In my opinion, Bittrex coins are good as an investment to get a satisfying profit. because this Bittrex coin is already so popular now and the price has also increased slightly from the previous price.
legendary
Activity: 1904
Merit: 1277
June 20, 2019, 03:13:55 AM
#63
I'm kind of pleased they don't have one. Yes it's a big exchange and quite an old one as well in comparison. The problem is if they implement one now it just looks like they're jumping on the bandwagon and desperately trying to keep up with these new exciting exchanges. The problem if they don't do it is they might start to look out of touch. It's a difficult position that will get more difficult as time goes on.
copper member
Activity: 462
Merit: 10
June 20, 2019, 01:38:59 AM
#62
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
I don't think every exchange can have its own token, maybe they can't handle it, maybe not yet part of its business plan or not a priority or maybe they are having an approval issue to do that. Recently bittrex is supporting an Asian exchange bitsdaq and holds quite a large number of this exchanges token so there is a lot we don't know about them.
jr. member
Activity: 714
Merit: 3
June 20, 2019, 01:22:10 AM
#61
I am also curious about what reason the bittrex exchange has so they don't make their own coins. Bittrex also a few months ago deleted a lot of coins to reach 82 coins.
There's no point creating their own token. All these are proliferation of token, exchange fees are paid against the trading pair why create another coin or will fees be paid solely on the exchange coin?
hero member
Activity: 1470
Merit: 655
June 19, 2019, 03:48:30 AM
#60
the more this types of coins like BNB are created and get pumped to give their creators (who hold the 100% premines of these coins) a ton of profit, the more we are going to see new ones like them be created because nobody dislikes making easy money in the millions!
but the problem is that soon the market will be filled with this types of coins specially since every exchange these days are creating more than one of them!!!
copper member
Activity: 812
Merit: 6
June 19, 2019, 03:42:46 AM
#59
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Seems like they more accept a neutral position on this exchange token race, but tell you the truth Bittrex today is not the biggest exchange, like it was in 2017, it lost his power and if they create their token and announce for example tomorrow, it won't make much noise and hype, not a big deal.
member
Activity: 248
Merit: 11
June 19, 2019, 03:36:37 AM
#58
I think Bittrex don't need that coin.
Bittrex is some good and big exchange, it alive without coin cryptocurrency.
But if Bittrex coin i think it not bad too.
full member
Activity: 714
Merit: 160
June 19, 2019, 03:08:56 AM
#57
Maybe they just don't want to create it right now
They still focused on security and optimization of their trading platform.

And I think they also better to fix their reputation right now because of their bad IEO program than create their own token/coin...
There are so many people hate Bittrex right now after they participate Bittrex IEO and then REKT...
legendary
Activity: 2884
Merit: 1117
June 19, 2019, 02:46:53 AM
#56
It would at least have a utility to use unlike many coins out there. The reason why bitcoin is loved by many is that there are many places that accepts bitcoin now which is awesome, people love ethereum because you can do dapps with it and use it on those dapps or you can do ICO with it and fund new coins with it and many other things, people like eos because you get to do dapps with it too, people love bnb because you use it on binance as well.

So, as you can see there are awesome coins that has a "use" for them, if bittrex created their own coin I am sure it would be in top 25 right away or at least will take a bit of time but will reach there. People will always be drawn to coins that have some sort of use for it, a coin you buy and hold until you sell is not liked that much anymore.
copper member
Activity: 280
Merit: 1
June 18, 2019, 07:46:36 AM
#55
The crypto market is full of dynamics, while older exchanges have made their mark newer ones should be here to make the changes, Bittrex is still among top exchanges, it may not follow the path of Binance in its development but I would wish to see them take another path in bringing a whole lot to their platform and one of such is developing a trade app
sr. member
Activity: 1246
Merit: 250
June 18, 2019, 07:03:47 AM
#54
I am also curious about what reason the bittrex exchange has so they don't make their own coins. Bittrex also a few months ago deleted a lot of coins to reach 82 coins.
That is because Bitrex wants to make the exchange only contain tokens or coins that have a good platform, and for cryptocurrency registered at Bitrex does not have a trading volume at all then it will be deleted because it might be considered as junk coin.
sr. member
Activity: 756
Merit: 250
June 18, 2019, 03:33:09 AM
#53
I am also curious about what reason the bittrex exchange has so they don't make their own coins. Bittrex also a few months ago deleted a lot of coins to reach 82 coins.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
June 18, 2019, 02:48:15 AM
#52
We don't know if they will plan something like this in the future. But as long as there's no indication that they will enter to this new kind of venture, we will eventually know it.
i am sure that bittrex did plan to create thier own coin on the past but there might be a valid reason on why they didnt released it on the public  but after they saw the success of binance and kuckoin , i think they will change thier mind and they are now starting to re create thier own version of thier own coin  but we must not worry because they will soon give a public announcement regarding on the coins information such as its price , supply , and specifications  .
Can you have any source about that?

I can't remember in the past that they ever planned of launching or planning their own coin. I guess every exchange go with the flow and popularity of exchanges coin but if Binance coin didn't became popular, they won't think of something like this.
jr. member
Activity: 714
Merit: 3
June 18, 2019, 02:10:40 AM
#51
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Most of the coins out there is a proliferation of projects. I don't see the reason why Bittrex should have their own tokens exchange fee is charged against a trading pair. BNB and KCS still charges in transactions with Btc, ETH and other pairs. There's just no reason for exchange coin at the first place.
full member
Activity: 1750
Merit: 118
June 18, 2019, 01:32:28 AM
#50
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Do you think that there's a reason for them to create one? if they don't have any reason, then there's no reason for them to create one and we don't have to think of it.
They are in the business for such a long time and if there's any sign that they will enter this venture for sure they will introduce one, but like you have said
maybe there's no reason as they already have enjoying the nature of their business, whatever the reason behind only them can answer, or we are not also
sure if they don't have any plan, perhaps they are considering and checking the possibilities of having their own versions and be like something what binance
achieved around this industry.
We don't know if they will plan something like this in the future. But as long as there's no indication that they will enter to this new kind of venture, we will eventually know it.
i am sure that bittrex did plan to create thier own coin on the past but there might be a valid reason on why they didnt released it on the public  but after they saw the success of binance and kuckoin , i think they will change thier mind and they are now starting to re create thier own version of thier own coin  but we must not worry because they will soon give a public announcement regarding on the coins information such as its price , supply , and specifications  .
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
June 18, 2019, 01:25:40 AM
#49
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Do you think that there's a reason for them to create one? if they don't have any reason, then there's no reason for them to create one and we don't have to think of it.
They are in the business for such a long time and if there's any sign that they will enter this venture for sure they will introduce one, but like you have said
maybe there's no reason as they already have enjoying the nature of their business, whatever the reason behind only them can answer, or we are not also
sure if they don't have any plan, perhaps they are considering and checking the possibilities of having their own versions and be like something what binance
achieved around this industry.
We don't know if they will plan something like this in the future. But as long as there's no indication that they will enter to this new kind of venture, we will eventually know it.
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