Bitcoin exchange Bittrex informed its users that it has removed three dozen cryptocurrencies from its platform on Sunday.
Bittrex also pointed out that they have flagged and warned these wallets for around 30 days. So, no exceptions will be made for funds remaining during execution.
The digital coins subject to this decision are not very famous compared to Litecoin and Ripple, with very small market capitalizations.
While the company provided no reasons, all-out abandonment might be the case for some of the digital currencies. “Broken blockchains” is being cited as a reason why refunds will be unavailable.
However, It seems fair for those coins but two of the cryptocurrencies in the list were unexpected entries. Those who paid attention to the digital currency world would have never guessed that Bittrex will remove Netcoin and Anoncoin.
Netcoin has seen
...a recent revival in development, value and usage. It is currently trading around 200 Satoshi at Cryptsy. Considering the altcoin’s growth rate, no one expected it to be in the list.
Anoncoin consistently trades over 50,000 Satoshi. Bittrex stated that the reason for its removal was wallet issues. So, it is expected that the developers might find a way back into the exchange.
One thing is clear. The motive for removing these 2 coins could not be related to their utility or value. Each of them has growing communities and comparatively feature-rich applications boosting them.
Removal of most of the other coins was not very notable. Some coins were replaced by competitor coins. XXX is an example which shares a market with SXC, TIT, and TTC, and therefore got replaced.
Others, like stated earlier, are broken and abandoned coins, so the decision from Bittrex represents mor
a cleaning of its list than anythingelse.
Below is the complete list of 36 coins that Bittrex removed from its platform:
ANC / AnonCoin
AXR / Axron
BIG / BigBullion
BURN / BurnerCoin
CHCC / CHCCoin
DCN / DeepCoin
DEAF / DeafDollars
DIME / DimeCoin
DSB / DarkShibe
FLEX / FlexibleCoin
FRSH / FreshCoin
GANJA / GanjaCoin
GB / GreenBacks
GLOW / GlowCoin
HIC / HawaiiCoin
LKNX / InkwayCoin
MCL / MiracleCoin
MOB / MobCoin
NET / NetCoin
NMB / Nimbus
NOPE / NopeCoin
NUD / NewUniversalDollar
PYRA / PyramidsCoin
REKT / RektCoin
RUBLE / Ruble
SHADE / ShadeCoin
TAC / TalkCoin
TECH / TechCoin
UROD / UroDark
VAULT / VaultCoin
VIK / VikingCoin
VLTY / VolatilityCoin
VOOT / VootCoin
WWC / WorldWideCoin
XBOT / SocialXBot
XXX / XXXCoin
After being permanently cancelled from Sunday, no funds in these wallets will be recoverable.
In moments like these, advocates of total decentralization such as Cody Wilson gain traction. It is true that you can sell what you want for as long as you want on a decentralized exchange.
The only role of the platform is to maintain the connection between the buyer and seller. It is very how the BitTorrent protocol connects the file sharers.
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