BitShares, Bitcoin Gold And Bitcoin Private Delisted From Bittrex’s Platform
Many AltCoin exchanges have been delisting coins that they seem unworthy of the platform. Recently, Poloniex got rid of three assets, as they simply do not generate sufficient volume. In a similar turn of events, Bittrex is delisting Bitshares, Bitcoin Gold and Bitcoin Private.
Even Though BitShares has found acceptance in the crypto community, it has been pretty divisive. Bittrex claims this market does not generate sufficient liquidity to continue supporting it. That is an unfortunate turn of events for BTS, although the project has failed to generate any real headlines for some time now.
BitShares produced $3.7m worth of volume per day. It isn’t even tracked by the platform, and Bittrex does not contain any official listings for BitShares on its platform any longer. Considering how this asset will only be lifted on November 5th, it would appear the platform has now suspended trading for the crypto.
Bitcoin Gold's removal from Bittrex has been pretty surprising considering that the project has been generating quite a few headlines recently. At the same time, there is an ongoing spat between the exchange and Bitcoin Gold developers, which is a direct result of the 51% attacks performed against BTG earlier in 2018.
Recently, the Bitcoin Gold price has seen some healthy increase in trading volume. All of this is happening without the help of Bittrex, thus the delisting and removal should not have any major consequences on this altcoin at this time. An interesting decision regardless, although it seems BTG is in high demand on any platform but Bittrex.
Even though Bitcoin Gold’s delisting took most people by a surprise, the biggest shock was the news that Bitcoin Private will be removed from Bittrex come November 5th. Although Bitcoin Private is supposed to be the privacy fork of Bitcoin, the project has not made any meaningful mark on the industry just yet. Given enough time, that situation may change, but Bittrex will not be part of this coin’s future.
Over the past few weeks, Bitcoin Private has seen negative development in terms of market cap and trading volume. The only exchange offering volume is HitBTC.