HomeCryptoPoloniex and Binance cleaning up, while HitBTC reaches 198 cryptocurrencies

Poloniex and Binance cleaning up, while HitBTC reaches 198 cryptocurrencies

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 Tomasicchiohttps://cryptonomist.ch
As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist, and also PR manager for the Italian market at Bitget. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.