Delisted/Inactive Coins from Exchange - page 2.

SquirrelJulietGarden

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Quote from: Solosanz on October 27, 2023, 10:17:00 AM

Volume transaction isn't the only way to judge if the coin is real, there are many fake and useless shitcoins with high volume transaction, you can check in the top 10 coins in CMC or Coingecko, most of them are shitcoins.

Someone can create a new coin and fund it with big amount of money to pump the coin, after many investors are interested to invest in their project, they can abandon the project and run away with investors money.

I don't agree that a coin is real or not real. If it was created, deployed by developers, it is real. The rest is only it is a quality coin or zero-value coin with no use case, no utility and no one minds to own it.

Trading volume reflects demand in the community and if no trading volume, it means nobody has demand on that coin. Hence, no demand, no price, no value and it will be die even developers don't want to abandon that project. In reality, developers usually abandon their own projects before those projects die. They proactively left their projects when they see no future ahead or they smell that a trend for their projects already gone.

Solosanz

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Quote from: livingfree on October 26, 2023, 07:14:18 PM

I think, I've read it somewhere when someone says that the entire market will be consolidated or will be left with real ones.

These delistings and number of inactive coins in the market is actually a good sign that the exchanges are becoming choosy and they're only remaining the likely good ones or mostly, the ones that are in demand.

I want to see more of these delistings so that there will be lesser altcoins on the exchanges that they support. The lesser the altcoins in demand, the better IMHO.

Volume transaction isn't the only way to judge if the coin is real, there are many fake and useless shitcoins with high volume transaction, you can check in the top 10 coins in CMC or Coingecko, most of them are shitcoins.

Someone can create a new coin and fund it with big amount of money to pump the coin, after many investors are interested to invest in their project, they can abandon the project and run away with investors money.

bettercrypto

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I think it's normal for an exchange to delist inactive cryptocurrencies or coins on their platform. Perhaps when the volume requirements are no longer met in a week, they will be removed immediately.

I witnessed that on the Binance platform. They have removed many coins that no longer comply with their requirements every week. And before they list it, the Binance exchange also gives a notification to all their users here.

libert19

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Quote from: edmundduke on October 26, 2023, 08:03:03 AM

Also what happens if you add every token ever created and with even a few trades on any random DEX, the amount would be x50 ?

I dunno which dexes you specifically talk about but if it's evm based one, you can trade any token with it's contract address, even if liquidity is few dollars.

@op tokens that get delisted, only happens so because they have low trading activity. So, I don't think it would make much difference since that particular coin had already low attention in first place.

Husires

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Because listed/delisted depends on trading and financial activity, you pay listing fees and pump liquidity that requires fees, and when you achieve profits, you withdraw all profits, make liquidity zero, and start a new project. Therefore, you find that many projects suddenly have high liquidity, and then all liquidity disappears, and it becomes better to remove it because The presence of active trading or sufficient liquidity.
The number of currencies that are listed for profit is very large.

DanWalker

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Quote from: Strongkored on October 27, 2023, 04:14:40 AM

The increase in coins being delisted by exchanges is because new coins are taking their place and also because retaining them will cause the exchange to experience losses due to maintenance costs for the coin wallet. The decreasing number of shits coins on the exchange will create coins that have the potential to increase in volume trading, and I'm pretty sure what's being delisted are coins that have also been abandoned by the developer.

I don't think the delisting of some tokens is because the exchange is spending money on wallet maintenance costs. In my opinion, exchanges make profit from our transactions and if a token no longer has trading volume, meaning it is no longer profitable for them, there is no reason for them to keep it. Furthermore, delisting useless tokens will also ensure the reputation of the exchange. For example, if Binance does not delist tokens with no trading volume (dead), junk tokens, it will make the exchange's reputation no different from other junk exchanges.

Strongkored

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The increase in coins being delisted by exchanges is because new coins are taking their place and also because retaining them will cause the exchange to experience losses due to maintenance costs for the coin wallet. The decreasing number of shits coins on the exchange will create coins that have the potential to increase in volume trading, and I'm pretty sure what's being delisted are coins that have also been abandoned by the developer.

yhiaali3

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The more pairs that are removed from the list will be better for liquidity in the exchanges. Deleting inactive or almost dead pairs allows more liquidity to flow to active pairs. This is a healthy thing that most exchanges do.

This is good for improving liquidity in the exchange in general, but on the other hand it is bad for some traders stuck in these pairs, as there could be someone who bought at a high price and will be forced to get rid of the coin at a loss before deletion.

mk4

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Quote from: edmundduke on October 26, 2023, 08:03:03 AM

Theres so many trash tokens out there that promised the world and delivered nothing. To b ehonest its actually quite surprising that more of them have not been delisted Cheesy

It's simply because Binance (or any other exchange's) criteria for listing a token is mostly just if a token has actual trading demand. That's pretty much it. Obviously they'd only list only like 5% of what they currently have listed if they only list tokens that actually have delivered something.

shinratensei_

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delisting of coin is business decision, what exchange need is massive trading volume where they could get some fee, of course thats not the only income that they have but higher trading volume means prestige for the exchange.
thats why delisting is essential for their business, its to lessen resource needed, and to eliminate coin so that their platform won't have too much coin that have low trading volume or in other words dying coin.
they then proceed to list some new coin that currently trendy for the sake of getting all those trading volume into platform.
this also the exact reason why some coin that being considered as shitcoin like those meme coin could get into popular exchange even binance and coinbase, because they bring massive trading volume.
its all comes down to whether such action is necessary for business to thrive.

livingfree

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I think, I've read it somewhere when someone says that the entire market will be consolidated or will be left with real ones.

These delistings and number of inactive coins in the market is actually a good sign that the exchanges are becoming choosy and they're only remaining the likely good ones or mostly, the ones that are in demand.

I want to see more of these delistings so that there will be lesser altcoins on the exchanges that they support. The lesser the altcoins in demand, the better IMHO.

Rengga Jati

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Quote from: GreatArkansas on October 25, 2023, 09:25:23 PM

I'm really curious if there will be an effect of it in our current trading journey or in the market.
It's kinda showing that the more we are in a bear market year, the more pairs are being delisted.
What are your thoughts?

Actually, this is not that surprising if you look at the number of altcoins currently. because we know how most of these altcoins can be listed on exchanges. Most altcoins usually rise drastically when they are first listed, especially for altcoins that are viral or hyped at the time. How could it not be that most of them usually find it very easy to go up and enter exchanges, but on the other hand they cannot have significant trading volume or market cap. with conditions like this Yes of course they can only survive for a short time. Until finally, if their menstruation has stopped then their fate will be the same. If there is no good and significant follow-up from the developer and his team then yes, the result will be that these altcoins will be increasingly forgotten and abandoned. Moreover, after that, other hype altcoins will emerge which will more easily replace their position. So like this, many altcoins ended up being delisted from exchanges.

ultrloa

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Quote from: GreatArkansas on October 25, 2023, 09:25:23 PM

As you can see there are tokens or a number of pairs from exchanges that have already been delisted or become inactive.

I'm really curious if there will be an effect of it in our current trading journey or in the market.
It's kinda showing that the more we are in a bear market year, the more pairs are being delisted.
What are your thoughts?

No it can't affect the current trading journey of some people in the market since majority of us have different pairs to trade and most of the time people are grabbing those legit pairs rather than those scam tokens. Expect that to many tokens has been delisted on the market since that are those shit token created by scam devs mainly for their scams and they don't really have plan to make it a long term so we should not get surprise for that matters since we could possibly more in future.

Also its good for that coins to get delisted since we already know immediately that which of those coins or tokens are worth to hodl and what are those things to avoid. The exchange already gives the idea to the traders that they shouldn't acquire it because they are been delisted on particular exchange since they are not performing good so for sure it can stop those traders thinking to acquire low cap coins and save up their money for total dump or abandoning coming from them.

goinmerry

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Quote from: GreatArkansas on October 25, 2023, 09:25:23 PM

It's kinda showing that the more we are in a bear market year, the more pairs are being delisted.
What are your thoughts?

Not a thing to worry about in the first place. It does mean that those coins can't stand the bear market. We should be grateful that at least, only those coins that established good support from the community will remain on the scene. If these coins can't handle the bear market, there is no room for them to be circulated on the crypto market.

Aside from that, it will be beneficial for newbie traders to not easily get dragged at these coins where at the end, bound to have a low volume to dead.

Good for these coins to be delisted rather than to continue flowing in the market.

AmoreJaz

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Quote from: rhomelmabini on October 26, 2023, 05:57:38 PM

Quote from: GreatArkansas on October 25, 2023, 09:25:23 PM

As you can see there are tokens or a number of pairs from exchanges that have already been delisted or become inactive.

I'm really curious if there will be an effect of it in our current trading journey or in the market.
It's kinda showing that the more we are in a bear market year, the more pairs are being delisted.
What are your thoughts?

I think it's a good thing to segregate those tokens that wouldn't survive the bear market to those who will thrive. This isn't bad to be honest consider there has also been a lot of tokens out there that was merely listed due to paid listings and then they will be pump by whales then dump it to retail investors.

i can agree with the delisting of those worthless tokens or coins. at least, less projects that will potentially screw those naive users. because the reality is most of these low cap coins can easily manipulate the movement of their market and so pump and dump scheme is rampant on these coins or tokens. so delisting them will be one way to reduce such scheme. and that means, no more people are falling to the trap of these scammer devs.

Johnyz

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Quote from: Abu-Naim on October 26, 2023, 04:57:47 PM

When delisting a coin, I believe exchanges consider excitement and trend. They operate with specific goals in mind, such as meeting profit targets on a timely basis; if a coin already listed has little trading volume, it means that people have stopped trading the coin, which means the exchange is not benefiting from it; keeping such coins is not a good idea for business reasons, so they delist such coins and list new ones to keep their business running.

Those exchanges are strict when it comes to their policy, if you are not performing the exchange is not benefiting from you, you’ll probably get delisted and that can have a negative impact on your project. We’ve seen many projects delisted on a certain exchanges for some reason, and based on the given chart its actually rising every year, 2023 might be their biggest nightmare as many tokens/coins got delisted in some exchange.

rhomelmabini

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Quote from: GreatArkansas on October 25, 2023, 09:25:23 PM

As you can see there are tokens or a number of pairs from exchanges that have already been delisted or become inactive.

I'm really curious if there will be an effect of it in our current trading journey or in the market.
It's kinda showing that the more we are in a bear market year, the more pairs are being delisted.
What are your thoughts?

I think it's a good thing to segregate those tokens that wouldn't survive the bear market to those who will thrive. This isn't bad to be honest consider there has also been a lot of tokens out there that was merely listed due to paid listings and then they will be pump by whales then dump it to retail investors.

Ultegra134

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Quote from: Natsuu on October 26, 2023, 06:31:31 AM

Quote from: mk4 on October 25, 2023, 09:36:54 PM

Quote from: GreatArkansas on October 25, 2023, 09:25:23 PM

It's kinda showing that the more we are in a bear market year, the more pairs are being delisted.
What are your thoughts?

Little to no trading volume = delist.

While this data make it seems like we're having less trading pairs/tokens on exchanges, I don't have the data — but I'm pretty sure the trading pairs/tokens getting listed totally outweighs the number of delists.

Thats what I think too. Some tokens leave due to low activity but plenty of new ones keep coming in. So while it might seem like we're losing options, the truth is, we're gaining more than we're losing. We just have to keep an eye out for the good ones and ride the market.

That's true; I keep seeing new tokens popping up every single day. Many might get delisted, but hundreds, if not thousands, are being founded every single day. Even though their delisting isn't necessarily an unpleasant thing—perhaps quite the opposite—because the majority of these coins are either failed memes, scams, poorly developed, or zero-purpose coins, my best guess is pump-and-dump ones with no actual volatility, which are a plague for altcoin reputation. However, it's not like we're seeing major altcoins being delisted from reputable exchanges or CoinMarketCap; we probably haven't even heard of most of them. So personally, I don't see how someone can be affected by that unless he has invested in one of those coins himself.

The SEC lawsuit against Binance didn't help either, as it had to delist some pairs that involved USD, and if I'm not mistaken, some more EUR pairs were also removed a few weeks ago due to low trading volume, not really an issue if you ask me, since you can still use USDT or any other major stablecoin.

goaldigger

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If this is just a trading pair and you can still trade that coin/token on Bitcoin then we might not see big effect on that but if its totally delisted without any trading pair left then it could be a big impact to the project itself and the community of that project. There are reasons why the exchanges are delisting many projects, most probably they are just implementing their policy and those tokens didn’t meet it after some time.

Abu-Naim

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When delisting a coin, I believe exchanges consider excitement and trend. They operate with specific goals in mind, such as meeting profit targets on a timely basis; if a coin already listed has little trading volume, it means that people have stopped trading the coin, which means the exchange is not benefiting from it; keeping such coins is not a good idea for business reasons, so they delist such coins and list new ones to keep their business running.

Topic: Delisted/Inactive Coins from Exchange - page 2. (Read 310 times)