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Poloniex and Binance cleaning up, while HitBTC reaches 198 cryptocurrencies
Poloniex and Binance cleaning up, while HitBTC reaches 198 cryptocurrencies
Crypto

Poloniex and Binance cleaning up, while HitBTC reaches 198 cryptocurrencies

By Amelia Tomasicchio - 17 Oct 2018

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Over the past few days, announcements have arrived from several crypto exchanges that have decided to delist many of the tokens from their platform.

poloniex binance hitbit cryptocurrencies

Binance, for example, announced the delisting of 4 cryptocurrencies (Bytecoin, ChatCoin, Iconomi and Triggers), leading to a crash of their value.

These data have been reported by DIAR, a research institute that recently began to write report on cryptocurrencies.

As is already known, when a token is listed on a new exchange, especially if it is a known platform and with large volumes, the price of the token goes up; vice versa, when it is delisted the price goes down, being also an indication that the coin is not very appreciated.

However, Binance in the last year has listed 54 new cryptocurrencies, so the delisting of 4 is a marginal operation.

Poloniex, on the other hand, recently delisted 29 cryptocurrencies since the beginning of the year. In January 2017, the exchange had 93 cryptocurrencies, while now it has 56.

poloniex binance hitbit cryptocurrencies

But the real queen is HitBTC, which has added a net of 198 new cryptocurrencies, which may suggest that the listing procedure is not as stringent as on other platforms, as the DIAR report explains.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is about to publish her first book about Blockchain Marketing.

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