Perhaps the real reason Bittrex delisting BitShares?
Is a couple weeks really enough time for every Bittrex user to remove their BTS from exchange?..
They've been trading it for years and likely have some lost users or even users who may only use their site once, twice a month for example and assumed their funds would be sweet as with "trusty" Bittrex. It's going to be interesting to see what happens with all these funds in the wallet they control after delisting... 😕
Yep.
They should make a statement about it. Will they keep withdrawals open, or sell the bts and credit users with BTC on a certain date?
haha good luck!.. Bittrex policy: If a market is removed, you will have 14 days to remove your coins from our wallets...
That's it. They will do as they please as it then belongs to them, I believe they have done this many times. Just found this article https://bitcointalk.org/index.php?topic=1102202.20
June 30, 2015 - richie@bittrex
"Time and time again it is proven that leaving funds on any exchange is a bad idea. Even as an exchange owner, i advise against using any exchange as an online wallet. That is not why we're here.
Most of the time when we delist a market, we leave the wallets there for 30-45 days before we even send notification that we are removing a wallet; and when we do notify on wallet removal, we give everyone an additional 14-21 days. We notify via email, twitter, our help center, and on the specific wallet page. I don't know what else we have to do to get people to remove their funds.
Know also, none of the funds that we keep are ever liquidated, spent, or anything. The wallet.dat is kept in cold storage and if we list the coin again (as we have done many times before with MONA, FTC, UTC, and a bunch of others), we just restore the balance. So I don't get how this benefits us at all. A technical solution might be ideal, but users are responsible for their own funds and we operate under a very publicly disclosed and transparent policy."
So, we await them charging an "inactivity fee" or other account fee to drain down the balances in the cold wallets?
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