Topic: Bittrex Will Remove 82 Tokens Due to Lack of Liquidity in Small Cryptocurrencies (Read 170 times)

This is really messy for the hodlers of these tokens. We're talking SALT and FCT and LGD. These aren't scam coins or anything. I mean, LGD is in active use every single night.

It is definitely a good move. Most equity exchanges have these kind of rules as well - there must be some basic trading volume and liquidity to justify a listing. Bittrex is an established exchange and it doesn't do its reputation any good, if marginal coins, which are predominantly used for pump and dump schemes, are listed there. Even after the removal of these tokens, the number of tokens listed there will be high enough to attract the serious traders.

Probably this list


192   TenXTenX   PAY/ETH   $36,746   $1.15   0.01%   Recently
193   FirstBloodFirstBlood   1ST/ETH   $36,101   $0.201617   0.00%   218 hours ago
194   eBoosteBoost   EBST/BTC   $35,321   $0.138803   0.01%   Recently
195   Basic Attention TokenBasic Attention Token   BAT/ETH   $35,186   $0.189796   0.01%   Recently
196   ArtByteArtByte   ABY/BTC   $32,373   $0.006590   0.01%   Recently
197   Global Currency ReserveGlobal Currency Reserve   GCR/BTC   $32,088   $0.023971   0.01%   Recently
198   DatabitsDatabits   DTB/BTC   $31,394   $0.553235   0.01%   Recently
199   SphereSphere   SPHR/BTC   $31,309   $2.28   0.01%   Recently
200   MelonMelon   MLN/BTC   $30,065   $56.02   0.01%   Recently
201   BreakoutBreakout   BRK/BTC   $29,698   $0.140203   0.01%   Recently
202   BytecentBytecent   BYC/BTC   $28,511   $0.456032   0.01%   Recently
203   Legends RoomLegends Room   LGD/BTC   $27,519   $0.427859   0.01%   Recently
204   PesetacoinPesetacoin   PTC/BTC   $27,449   $0.034186   0.01%   Recently
205   Swarm CitySwarm City   SWT/BTC   $27,098   $1.19   0.01%   Recently
206   SpreadCoinSpreadCoin   SPR/BTC   $26,673   $0.281972   0.01%   Recently
207   CannabisCoinCannabisCoin   CANN/BTC   $26,159   $0.043330   0.01%   Recently
208   FactomFactom   FCT/ETH   $25,467   $18.99   0.01%   Recently
209   FoldingCoinFoldingCoin   FLDC/BTC   $24,900   $0.013592   0.01%   Recently
210   EnergycoinEnergycoin   ENRG/BTC   $24,794   $0.091602   0.01%   Recently
211   PeercoinPeercoin   PPC/BTC   $24,381   $1.76   0.01%   Recently
212   TokesTokes   TKS/BTC   $24,215   $1.92   0.01%   Recently
213   Ripio Credit NetworkRipio Credit Network   RCN/ETH   $24,088   $0.084339   0.01%   Recently
214   SALTSALT   SALT/ETH   $23,574   $2.29   0.01%   Recently
215   Circuits of ValueCircuits of Value   COVAL/BTC   $22,156   $0.006672   0.01%   Recently
216   EuropeCoinEuropeCoin   ERC/BTC   $22,039   $0.389555   0.01%   Recently
217   vTorrentvTorrent   VTR/BTC   $22,032   $0.373244   0.01%   Recently
218   VeriumReserveVeriumReserve   VRM/BTC   $21,958   $2.58   0.01%   Recently
219   DecentralandDecentraland   MANA/ETH   $21,945   $0.080108   0.01%   Recently
220   BancorBancor   BNT/ETH   $21,699   $2.90   0.01%   Recently
221   BitSendBitSend   BSD/BTC   $21,224   $0.602331   0.01%   Recently
222   FairCoinFairCoin   FAIR/BTC   $21,209   $0.132872   0.01%   Recently
223   CreditbitCreditbit   CRB/BTC   $19,590   $0.165493   0.01%   Recently
224   VcashVcash   XVC/BTC   $18,967   $0.371350   0.01%   Recently
225   BlockMason Credit ProtocolBlockMason Credit Protocol   BCPT/ETH   $18,284   $0.503353   0.01%   Recently
226   GolosGolos   GOLOS/BTC   $18,065   $0.065736   0.01%   Recently
227   I/O CoinI/O Coin   IOC/BTC   $17,560   $1.24   0.01%   Recently
228   GoldCoinGoldCoin   GLD/BTC   $17,409   $0.092096   0.01%   Recently
229   SequenceSequence   SEQ/BTC   $17,310   $0.150830   0.01%   Recently
230   LoopringLoopring   LRC/ETH   $16,813   $0.275361   0.01%   Recently
231   BitcrystalsBitcrystals   BCY/BTC   $16,438   $0.283867   0.01%   Recently
232   ParkByteParkByte   PKB/BTC   $15,724   $0.419869   0.01%   Recently
233   QwarkQwark   QWARK/BTC   $15,585   $0.098769   0.01%   Recently
234   GridCoinGridCoin   GRC/BTC   $15,555   $0.039952   0.01%   Recently
235   CivicCivic   CVC/ETH   $15,502   $0.228705   0.01%   Recently
236   ClamsClams   CLAM/BTC   $14,903   $3.48   0.01%   Recently
237   AdExAdEx   ADX/ETH   $14,727   $0.684989   0.01%   Recently
238   EnigmaEnigma   ENG/ETH   $14,466   $1.27   0.01%   Recently
239   BitswiftBitswift   SWIFT/BTC   $14,308   $0.637341   0.01%   Recently
240   Golos GoldGolos Gold   GBG/BTC   $14,096   $0.064500   0.00%   Recently
241   EverGreenCoinEverGreenCoin   EGC/BTC   $14,088   $0.198608   0.00%   Recently
242   BlitzcashBlitzcash   BLITZ/BTC   $13,175   $0.626055   0.00%   Recently
243   NeosCoinNeosCoin   NEOS/BTC   $11,215   $2.41   0.00%   Recently
244   PinkCoinPinkCoin   PINK/BTC   $11,133   $0.018946   0.00%   Recently
245   MagiMagi   XMG/BTC   $11,107   $0.274641   0.00%   Recently
246   Quantum Resistant LedgerQuantum Resistant Ledger   QRL/ETH   $11,052   $0.797869   0.00%   Recently
247   SolarCoinSolarCoin   SLR/BTC   $10,842   $0.341941   0.00%   Recently
248   StorjStorj   STORJ/ETH   $10,815   $0.710398   0.00%   Recently
249   BlocktixBlocktix   TIX/ETH   $10,237   $0.334007   0.00%   Recently
250   NumeraireNumeraire   NMR/ETH   $9,602   $14.78   0.00%   Recently
251   AragonAragon   ANT/ETH   $9,592   $2.78   0.00%   Recently
252   LunyrLunyr   LUN/ETH   $9,377   $10.12   0.00%   Recently
253   iExec RLCiExec RLC   RLC/ETH   $9,029   $1.01   0.00%   Recently
254   Project DecorumProject Decorum   PDC/BTC   $8,610   $0.023889   0.00%   Recently
255   Breakout StakeBreakout Stake   BRX/BTC   $8,380   $0.744264   0.00%   Recently
256   Cofound.itCofound.it   CFI/ETH   $8,364   $0.061655   0.00%   Recently
257   CurecoinCurecoin   CURE/BTC   $8,133   $0.274558   0.00%   Recently
258   ViberateViberate   VIB/ETH   $7,836   $0.122759   0.00%   Recently
259   SynergySynergy   SNRG/BTC   $7,315   $1.33   0.00%   Recently
260   MonacoMonaco   MCO/ETH   $7,097   $6.02   0.00%   Recently
261   GambitGambit   GAM/BTC   $6,915   $7.70   0.00%   Recently
262   district0xdistrict0x   DNT/ETH   $6,877   $0.041607   0.00%   Recently
263   NexiumNexium   NXC/BTC   $6,851   $0.128094   0.00%   Recently
264   2GIVE2GIVE   2GIVE/BTC   $6,828   $0.006261   0.00%   Recently
265   WingsWings   WINGS/ETH   $6,822   $0.444450   0.00%   Recently
266   WeTrustWeTrust   TRST/ETH   $6,109   $0.180458   0.00%   Recently
267   PatientoryPatientory   PTOY/ETH   $5,875   $0.119145   0.00%   Recently
268   HumaniqHumaniq   HMQ/ETH   $5,754   $0.158080   0.00%   Recently
269   GnosisGnosis   GNO/ETH   $5,227   $81.53   0.00%   Recently
270   e-Guldene-Gulden   EFL/BTC   $4,612   $0.150500   0.00%   Recently
271   MatchpoolMatchpool   GUP/ETH   $4,030   $0.184875   0.00%   Recently
272   Legends RoomLegends Room   LGD/ETH   $3,951   $0.412445   0.00%   Recently
273   RubycoinRubycoin   RBY/BTC   $3,054   $0.465423   0.00%   Recently
274   CreditbitCreditbit   CRB/ETH   $429   $0.160693   0.00%   Recently

They had said that they would send an email to those who had any of those coins. I believe that many of these projects have already died, had a survival with the pump, but now should not have many people interested.
And many of these projects were being used exclusively for groups of signs and pump and dump schemes. Almost like a casino roulette. I think it's interesting that Bittrex are willing to work only with serious projects that have a consistent roadmap.

This is good for the whole environment. Focusing on serious and useful resources will be good for the future of crypto-coins.

Sounds like a good move.  Price manipulation is absolutely rampant in some of these exchanges and huge amounts of newbies' cash is getting gradually sucked up by pump and dump schemes.

It'll still be possible with the most low-cap coins removed, but it would take a lot of work and a lot of money which only whales could muster.

They shouldn't be adding so many dodgy cryptocurrencies in the first place, but this is a step in the right direction at least.

Bittrex, one of the largest cryptocurrency exchanges which also powers UpBit, South Korea’s second biggest exchange operated by Kakao subsidiary Dunamoo, has stated that it will remove 82 tokens from its trading platform.

read more : https://samnews.net/bittrex-will-remove-82-tokens-due-lack-liquidity-small-cryptocurrencies/