Bittrex exchange will remove 82 different altcoins from its offerings on March 30. The exchange stated that removing the Altcoins is in line with a motion set in place to ensure that all tokens listed meet the platform’s “strict coin listing criteria and have a properly functioning blockchain and wallet.”
Bittrex has notified clients that they must withdraw soon-to-be-removed altcoins that they wish to keep before the date of their dismissal from the trading platform.
As said earlier, Bittrex maintained that the decision to remove these tokens from the list of its digital coin offerings was made as a result the step it’s taking towards preserving the company’s “strict coin listing criteria.” Out of the 82 cryptocurrencies to be removed, 28 have either “broken blockchains or wallets that will not allow withdrawals.” Other digital coins, however, will be delisted due to low liquidity.
The currencies set to be delisted include: 8BIT, ADC, AM, AMS, APEX, ARB, BITS, BITZ, BLC, BOB, BSTY, BTA, CCN, CRBIT, CRYPT, DAR, DGC, DRACO, DTC, FC2, FRK, FSC2, GEMZ, GHC, GP, GRT, HKG, HYPER, HZ, J, KR, LXC, MAX, MEC, METAL, MND, MTR, MZC, NAUT, NET, NEU, NTRN, OC, ORB, PRIME, PXI, ROOT, SCOT, SCRT, SFR, SLG, SLING, SOON, SPRTS, SSD, STEPS, STV, SWING, TES, TIT, TRI, TRK, U, UFO, UNIQ, UNIT, UNO, UTC, VIOR, VIRAL, VP, WARP, XAUR, XBB, XC, XCO, XDQ, XPY, XQN, XSEED, XTC, and YBC.
The delisting is happening in the midst of increasing steps on the part of Bittrex to guarantee higher adherence to regulations.
Bittrex’s new terms of service came into effect on March 9, banning “citizens or residents of any state, country, territory or other jurisdiction that is embargoed by the United States” – North Korea, Iran, the Crimean region, Syria, and Cuba – from using the exchange.
Bittrex asserted that it “is committed to incubating new blockchain technology projects and offering innovative, compliant digital tokens to our customers. Bittrex uses a robust digital token review process to ensure the tokens are listed on the exchange are compliant with United States law and are not considered securities.”
The company added that it “looks forward to continuing its proactive dialogue with the SEC and other regulators on how to build a secure, fully-regulated environment for blockchain.”