Poloniex Delisting 23 Trading Pairs, Whats The Effect?

wywoc

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Quote from: MOProgress on August 15, 2019, 05:24:03 PM

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

Yes, if that coins are only listed on Poloniex or largest trading volume of them belong to this exchanges.
Otherwise, it will not affect it much, because currently Poloniex is no longer a leading exchange like years ago. They is just refreshing their exchange, and removing low trading volume pairs or dead coins is one of the first steps.

Tipstar

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Quote from: MOProgress on August 15, 2019, 05:24:03 PM

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

Most of them are just useless coins. It should not have any large effect but with the current accusations and problematic behavior of the exchange, people are also defining it as a process to close down the exchange. Poloniex failed to rejuvenate itself with the new owner this time.

mr-coin

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Exchange delisting coins after be sure no profit come from it, it may have very low volume, and delisting will affect it if it is only the exchange

freedomgo

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Quote from: asyakashi on August 26, 2019, 07:05:31 PM

Polonix certainly has reason to register several coins from their exchange.
maybe their trading volume did not increase and they decided to take policy.
there are many other exchanges and the coin will not lose its value.

I will not, but certainly it will drop more, if the exchange they will be listed will be small than Poloniex in terms of trading volume.

Quote from: justdimin on August 27, 2019, 02:06:20 AM

During 2017 poloniex was living its last moments. It was amazing after cryptsy got shutdown, until bittrex became bigger poloniex was basically what binance is right now, there was no competition and they were making insane amount of money, hell they managed to sell themselves to circle that is owned by some huge wall street bank all thanks to showing their previous success and profits on fee's.

Of course, during the summer of 2017 bittrex started to be bigger and on late 2017 binance started and they got the market so fast that right now they are literally monopoly. You may think there are other exchanges as well but seriously considering the power binance has over some of these coins, poloniex could delist and nothing will happen however if binance did, those coins would drop 50% over night.

I still remember the old times, but clearly if we compare Polo between Binance, obviously Binance is making more money since in late 2017 until, the volume has increase significantly.

Take a look at the photo below, that's a historical data in Jan, 1 2017.

BTC that time only has $147 million trading volume compared to now which it has $15 billion.

Look at the disparity.

justdimin

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During 2017 poloniex was living its last moments. It was amazing after cryptsy got shutdown, until bittrex became bigger poloniex was basically what binance is right now, there was no competition and they were making insane amount of money, hell they managed to sell themselves to circle that is owned by some huge wall street bank all thanks to showing their previous success and profits on fee's.

Of course, during the summer of 2017 bittrex started to be bigger and on late 2017 binance started and they got the market so fast that right now they are literally monopoly. You may think there are other exchanges as well but seriously considering the power binance has over some of these coins, poloniex could delist and nothing will happen however if binance did, those coins would drop 50% over night.

asyakashi

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Polonix certainly has reason to register several coins from their exchange.
maybe their trading volume did not increase and they decided to take policy.
there are many other exchanges and the coin will not lose its value.

poornamelessme

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Quote from: JeffBrad12 on August 26, 2019, 06:39:55 PM

Those coins are having a chance to be considered as securities that can't comply with US regulation.
But the delisting of those coins didn't give any impact even that already happened. People are feeling difficult when it comes to dealing with US security exchange site like polo due to the uncertain regulation.
The delisting of coins gave a little decrease at the trade volume of polo but it doesn't give any impact to the daily volume of the coins were getting delisted.

I'm not sure if folks are even reading what was delisted before responding here. The coins were delisted due to low volume because they are in really weird pairings, several against Monero. It had nothing to do with being a security, unless you consider LTC a security (it was one of the pairings delisted).

This is the list: LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH, QTUM/ETH, STEEM/ETH, OMG/ETH, LOOM/ETH, SNT/ETH, CVC/ETH, KNC/ETH, GAS/ETH, BNT/ETH, LOOM/USDT, SNT/USDT, KNC/USDT, BNT/USDT and FOAM/USDC.

The question shouldn't be why those pairings were delisted but why did they even exist in the first place. Common sense tells you they won't have much volume.

JeffBrad12

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Those coins are having a chance to be considered as securities that can't comply with US regulation.
But the delisting of those coins didn't give any impact even that already happened. People are feeling difficult when it comes to dealing with US security exchange site like polo due to the uncertain regulation.
The delisting of coins gave a little decrease at the trade volume of polo but it doesn't give any impact to the daily volume of the coins were getting delisted.

Arti_Tsy

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Quote from: MOProgress on August 15, 2019, 05:24:03 PM

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

This exchange no longer has any influence on the cryptocurrency market. Therefore, I believe that if the coins that are delisted are not obvious scam, and if they are traded on several exchanges, then the price due to this delisting will change minimally.

jacafbiz

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Quote from: MOProgress on August 15, 2019, 05:24:03 PM

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

If this was Binance I would have said it would have negative impact on most of the tokens on the list but Poloniex is now a shadow of what it used to be, it was the Binance of 2016 before the team started making consistence wrong decision and pushed most people away from the exchange.

How are the mighty falling?

EmmaBen

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I think there a lot of projects occupying unnecessary space on most exchanges with little or no value. The expenses incurred for maintenance could be telling on the exchanges since no visible action in experienced from such pairs. The best thing to do is to delist such assets. The most notable effect could be losses on the part of users who may never find this delisting information in time to enable them withdraw their assets off the exchanges.

Chuky92

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Like I anticipated, low volume; this is the primary reason that will cause an exchange to delist any coin. Also, that doesn't mean that with one exchange delisting a coin will lead the downfall of the project, unless that's the only exchange it is listed on.
On the other hand, an exchange delisting a coin or many coins as the case may be will not affect the exchange negatively in anyway as they are trying to maintain their reputation and value which is good for business.

nanaimogold

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Quote from: cytpoway121 on August 15, 2019, 05:30:46 PM

I do not think the delistment can have further effects
The token are being delisted due to close to non existent trade or orders for it
Thus; the trading pairs are better cleared off to avoid distraction on other contending pairs

Those exchanges are open for profit and if your coin offer no liquidity to the exchange then its sure to be delisted. As for the impacts on the coin, there's is always an impact (mostly negative) which can be on the short run or long run. Although the impact depends on the strength of the coin as in the likes of BSV which was delisted by Binance but the impact was short and it wore off quickly because BSV happens to be a very very strong coin

aemma

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Poloniex used to be a good exchange but don't know about now as I left the exchange a long time ago.
Nevertheless, delisting of coins can happen in any exchange which can be caused by some factors such as the team failing to improve their project thereby leading to the coin lossing value, in this case delisting will only end up killing the project more.
Another factor is, if the coin is already listed on a major exchange thus having a good volume than its other exchange it's listed on, then it can be delisted and will pose no threat to the project.
Furthermore, I don't think when an exchange delists a coin that it will affect them (that is, the exchange).

kramchers

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That will have an effect for the POLINIEX in a good matter while a worst to the delisted tokens.
Those 23 tokens will be a good thing to be gone as there are no more demands on that, which will give more space to upcoming better tokens.

irixo10

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A Coin might be listed on different exchanges, while performing well in one and badly on the other, thus delisting from one of the exchange will hardly cause any issues to it. For example, having a coin listed on Binance and another exchange, with Binance user base the coin might have a good volume as compared to the other exchnage; so when delisted on the other it will cause no problems and vice versa.
So in all, one of the major reasons for delisting of altcoins is the low trading volume thus freeing the exchange so that other coins can get noticed.

||bit

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Poloniex doesn't have the power it used to have.

So the effect can be easily measured. If delisted pairs are some other adequate exchange, that won't be a problem. But after delist, no exchange or very bad exchange yes that can cause some problem.

r_delossa

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Poloniex was a great exchange and during the whole 2017 it was my favourite exchange where I used to hold all my savings. But then came Binance and Poloniex just stopped developing, maybe science they were bought, they are cleaning the mess to become competitive again?

lixer

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Quote from: Distinctin on August 22, 2019, 10:41:36 PM

There's no big effect on the market, but those coins that are delisted loss their chance to gain investors.
Poloniex is not a big exchange anymore, if it's Binance, it could be a big loss, but we know when the exchange started to delist coins, that means those coins are not giving their profit anymore, they will open that slots for the new coins.

For me, if those coin's devs are still active, they should look for an exchange with better volume. .
Currently, Poloniex only has 17 million usd of trading volume, that's too small compared to the volume of some trading sites.

Yeah, it is when these coins are being delisted on major exchanges that we can say they have lost their chances of gaining big investors, poloenix is a big exchange too but not an issue to make those developers go out of business, except maybe their optional exchanges has been these low quality exchanges with no volume, but if those coin being delisted are on other major exchanges, it will absolutely have no effect on them.

I remember when there was this news over the forum that bsv will be delisted by binance, and everyone was advising many people to pull their money out of bsv market, their community never worried about the news because bsv had already listed on other great exchanges, so binance delisting them never really had any effect on their value.

masterrex

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Quote from: MOProgress on August 15, 2019, 05:24:03 PM

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

In my own opinion those coins/tokens are also listed on some big exchange other than Poloniex so i think there is no negative effect on delisting it on Poloniex, majority of those coins/tokens are listed in top 100 crytocurrency base on CoinMarketCap data so theres nothing to worry about for sure.

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