The crypto exchange Bittrex has announced that it will be delisting even more trading pairs. Users will no longer be able to trade a total of eight different Bitcoin (BTC) pairs, from July 12.
Over the past month, Bittrex has announced that it will be delisting over 70 different crypto pairs from its trading platform. The reasons given suggested that regulatory uncertainty has led to Bittrex erring on the side of caution, as it is unclear whether certain cryptos will be considered as securities.
Update: The following markets will be removed on July 12, 2019.
— Bittrex (@BittrexExchange) June 28, 2019
The Bitcoin pairs that will be removed are: ArtByte (BTC-ABY), Diamond (BTC-DMD), Emercoin (BTC-EMC), Musicoin, (BTC-MUSIC), Qwark (BTC-QWARK), Solarcoin (BTC-SLR), Whitecoin (BTC-XWC), and Zclassic (BTC-ZCL). Users will no longer be able to trade any of these altcoins, which are primarily very low-cap tokens, mostly with a market share of under $5 million.
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Observers on Twitter were critical of these further delistings, suggesting that many of these altcoins may have been devalued, and Bittrex’s increasingly lower liquidity would damage its reputation and influence in the space.
Pffff you are killing your costumers.
Man, even Emercoin. Once a top 20 cap coin.
— ⚡⚡ ฿ubble฿obble ⚡⚡ (@bubblebobble123) June 28, 2019
At this rate, there won’t be any markets left to trade on Bittrex https://t.co/tgkejyC5d1
— Dr. Squeeze (@cryptoSqueeze) June 29, 2019