What exactly the reason to delist Bitshares from Bittrex..?? Join the Debate.
Bittrex has decided to delist Bitshares from its exchange on 13th October 2017.
It came to me as surprise, till now I could not find the exact reason behind such a decision by Bittrex. To the best of my knowledge BTS is not an ordinary crypto and who dont know much about it I want to highlight some of the main characteristics as follows:-
But despite of having so many good features, Bittrex has decided to delist this along with some other coin as below:-
BTC-BTS
BTC-BTA
BTC-DAR
BTC-DRACO
ETH-BTS
The scheduled delisting date is on 13th October 2017.
BTS is trading negative following this news and heavily down but it is other wise a buying opportunity for me, because i still have bullish bias on BTS.
I have also done some research in bittrex website to find the exact reason to delist Bitshares, and I am putting those criteria set by Bittrex to delist a coin, but I found none of those points are applicable to Bitshares. So i urge the community to join the discussion "Why Bittrex is going to delist Bitshares".
Here are the Bittrex Rules :-
Bittrex Market Removal Policy
We look for coins that have high community demand, innovations to crypto-currency technology, or a contribution to science and humanity. We believe in aggressively taking chances on coins and letting the free market sort out which coins should thrive.
Bittrex reserves the right to keep or remove any market from its exchange.
Markets which are more eligible for removal include but are not limited to:
If a market is removed, you will have 14 days to remove your coins from our wallets.
Bittrex is really a big exchange and such an announcement is really making a big impact on BTS at the moment but I would consider personally as an opportunity to buy this.Those who want to move their BTS from Bittrex to somewhere else then they can choose
https://bitshares.org/
And please join the discussion to
"What could be the reason to delist BTS by Bittrex"
References:-
SOURCE
Follow : @sthitaprajna
I agree short term bad for price, but half the people will open a bitshares account and transfer there coins over there. This will help the dex grow. who knows in the future if there are problems with govt and or the exchanges even more people will flee to the dex with there coins. Im long term bullish on this news
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Well, Bittrex has declined to comment, leaving room for speculations.
A lot has been said so far. Some says they had a security issue and others saying they had a excessive RAM usage for the wallet. I guess may be afraid of competition on the growing popularity of DEX !?. DEX are talk of the town with the increasing regulations of governments,.
Definitely a buy opportinity. The drop in price is due to a force sell. Just like when china closed exchanges and bitcoin dipped. BTS will recover as well.
bitshares is a "threat" to bittrex to be honest. They are in competition against each other at the end of the day and I think bittrex are a little nervous haha. I'm sure it's something simple as that.
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