Cryptocurrency exchanges must constantly evolve to remain competitive. This can be achieved in many different ways, even though not everyone will like how it’s done. In most cases, exchanges will add new currencies over time. Bittrex, on the other hand, is preparing to delist over 80 altcoins which have little to no demand or broken blockchains.
Bittrex Does Spring Cleaning
Like most other altcoin exchanges, Bittrex has a wide variety of currencies to choose from. Getting listed on this exchange is anything but easy, as the company processes every individual application manually. In a lot of cases, this means we see some lesser-known currencies “stuck” on smaller cryptocurrency exchanges for longer periods of time. As those currencies often bring nothing to the table, that is a normal development, all things considered.
Bittrex used to be one of the leading altcoin exchanges in the world. Especially after Poloniex started to suffer from massively degraded performance, Bittrex became the safe-haven for most altcoins. As such, the company has added several dozen currencies over the past few months, with varying degrees of success. It has since become apparent that a fair few of those coins need to go, as they either don’t generate sufficient trading volume or their blockchains are utterly broken. It seems the addition of so many coins is now backfiring a bit.
As a result, Bittrex will be removing 82 different altcoins from the exchange by March 30. They include a lot of currencies most people have never heard of, although there are a few surprising names on the list as well. The delisting of FC2, GEMZ, and METAL, among others, is a bit of a surprise, although it makes sense for the company. None of these markets are performing as expected, and thus removing them is the only logical option…