Digibyte (DGB) Still Tradeable on Poloniex Exchange Days After Threatening To Delist It

  • Days after Poloniex announced it was going to delist Digibyte (DGB) following its founder’s criticism of of TRON's Justin Sun as well as Binance, the crypto is still tradable in the crypto exchange platform.

Poloniex had announced its intention to buy Tron but later removed the announcement from its Twitter account. The crypto exchange firm had stated that it was going to delist Digibyte from its platform but its now eight days later since their announcement and nothing has changed.

Rudy Bouwman, Digibyte Foundation vice chair, asked Poloniex to clarify the issue in a tweet account. Rudy also indicated that Digibyte was ranked 15th on the exchange on the basis of trading volume.

Poloniex did not give a substantive reason as to why it was planning to delist Digibyte only saying that the crypto does not meet its listing standards. In addition, the crypto exchange platform did not reveal it listing standards and why Digibyte did not meet them. The exchange has also failed to give any update on the matter after the delisting announcement. This has led to speculations that it is a punishment for the crypto’s founder criticizing Sun.

The delisting announcement has led to massive transfer of DGB assets from Poloniex. Recently, more than 100m DGB coins have been drawn from Poloniex. Despite the mass exodus, about 500m DGB coins still remain in Poloniex’s wallets. Majority of people within Digibyte community are urging more users to transfer their funds from Poloniex and make the exchange suffer more than the users.

Some DGB users and holders have expressed concerns that coins stored in Poloniex may be subjected to freezes or manipulation leading to future problems. To avoid this, the users are urging for quick withdrawals and transfer to other exchanges.

To date, Poloniex has remained silent on the issue after it issued the threats last week. It is anticipated that DGB could be delisted before the end of the year. However, their silence could be taken as a sign that they are rethinking their earlier announcement.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Joseph Kibe
Joseph Kibe
Joseph is a blockchain and cryptocurrency enthusiast, with a strong conviction that exposure of blockchain technology is for the good of the society. Fascinated by the massive potential of cryptocurrencies and the technology behind them – blockchain – Joseph spent lots of his time learning more about the industry, becoming a polished expert writer in the sector. He covers any cryptocurrency and blockchain related content.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,469FansLike
2,795FollowersFollow
4,234FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi App Aave Creates First Credit Delegation Loan to DeversiFi Decentralized Exchange

DeFi lending platform, Aave completes its first-ever ‘credit delegation’ as DeversiFi borrows over $230,000 without posting collateral. The service agreement was signed on...

Bitcoin Futures Trading at a High Premium; Already Hitting $12,000 on CME

Bitcoin has yet again gained momentum, with people expecting for $12k to hit soon. According to analyst Mati Greenspan, for a sustainable rally, a...

Polkadot (DOT) Launches The First Parachain Implementation Testnet, Rococo

Polkadot introduces parachain functionality with Rococo testnet, a Proof of Authority (PoA) network, allowing users to send direct messages to the Relay Chain and...

Bitcoin Self-Custody Provider Casa Now Allows Users to Buy BTC via Apple Pay

Bitcoin self custody service provider, Casa now allows its customers to buy and hold their own bitcoin. Selling BTC is not supported yet. According...

Four Top Chinese State-Owned Banks Are Testing The Chinese Digital Yuan Project (DCEP)

In an unconfirmed report, four Chinese state-owned banks are gradually testing the ‘digital renminbi’ wallet app and Digital Currency/Electronic Payment (DCEP) system in different...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today