Bittrex news

The Bittrex platform prepares to remove over 80 Altcoins

The cryptocurrency must constantly evolve to remain competitive. This can be done in a number of different ways. In most cases, stock exchanges attract new currencies and, on the other hand, exclude weak currencies, which Bittrex is preparing to do.

Bittrex has a wide range of currencies to choose from.

Bittrex is one of the leading trading markets in the world. Especially after Poloniex began experiencing a drastically deteriorating performance, which made Bittrex a safe haven for most Altcoins. As such, the company has added dozens of currencies over the past few months that have achieved varying degrees of success. Since then, it has become clear that a number of these currencies should be removed from the podium, as they either do not generate enough trading volume or have their own blockchains technology and multiple problems.

It is clear that the addition of many currencies over the past months is counterproductive on the platform, and as a result, Bittrex will remove 82 different currencies by March 30.

The list includes a number of currencies that have not been heard by many traders, as well as some of the names of the currencies did not meet the expected and listed in the list will be a shock to some.

The inclusion of FC2, GEMZ and METAL is somewhat surprising, although it is logical that they have failed to achieve the expected evolution from them, thus removing them is the only logical option for Bittrex.

The list also contains 26 currencies with problems in its blockchain. This is a large number, which makes one wonder if the Bittrex team has investigated them before adding them in the first place or not.

The very unpopular fact is that more than 99% of altcoins will never serve any real purpose and should not be included in any stock exchange in the first place. Making its trading decision risky.

In waiting for the activation of this decision we will wait if the company will face any violent reaction or not, and since most of these currencies have small communities, it is unlikely to have any significant repercussions. At the same time, the pullout issues associated with these currencies will certainly provoke some fuss over social media.

It is a natural development and will have a positive effect in the long term.

Further caution is necessary at this stage to avoid investing in currencies that may be on the Bittrex list.