Bittrex has announced that it will be delisting 82 altcoins on March 30. The exchange explained that the move is to guarantee that all tokens listed meet the platform’s “strict coin listing criteria and have a properly functioning blockchain and wallet.”
Bittrex has informed its customers that they need to withdraw the soon-to-be delisted altcoins they want to keep before the date of their delisting from the platform.
The decision to remove these tokens has been made to maintain the “strict coin listing criteria” of the exchange. 28 of these tokens have wallets that disable withdrawals or broken blockchains, while others are due to thin liquidity.
The altcoins to be removed are:
“8BIT, ADC, AM, AMS, APEX, ARB, BITS, BITZ, BLC, BOB, BSTY, BTA, CCN, CRBIT, CRYPT, DAR, DGC, DRACO, DTC, FC2, FRK, FSC2, GEMZ, GHC, GP, GRT, HKG, HYPER, HZ, J, KR, LXC, MAX, MEC, METAL, MND, MTR, MZC, NAUT, NET, NEU, NTRN, OC, ORB, PRIME, PXI, ROOT, SCOT, SCRT, SFR, SLG, SLING, SOON, SPRTS, SSD, STEPS, STV, SWING, TES, TIT, TRI, TRK, U, UFO, UNIQ, UNIT, UNO, UTC, VIOR, VIRAL, VP, WARP, XAUR, XBB, XC, XCO, XDQ, XPY, XQN, XSEED, XTC, and YBC.”
The delistings are happening amid the effort of Bittrex to guarantee better regulatory adherence. The company’s new terms of service came into effect on March 9, which prohibits “citizen[s] or resident[s] of any state, country, territory or other jurisdiction that is embargoed by the United States,” Cuba, Iran, Syria, the Crimean region, and North Korea from accessing the platform.
On March 7, Bittrex answered the US Securities and Exchange Commission (SEC)’s announcement that once an “Online trading platform […] offers [the] trading of digital assets that are securities […] then the platform must register with the SEC as a national securities exchange or be exempt from regulation.”
The exchange responded that it “is committed to incubating new blockchain technology projects and offering innovative, compliant digital tokens to our customers. Bittrex uses a robust digital token review process to ensure the tokens are listed on the exchange are compliant with U.S law and are not considered securities.” Adding that it “look[s] forward to continuing [its] proactive dialogue with the SEC and other regulators on how to build a secure, fully-regulated environment for blockchain.”