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Bittrex to Delist Bitshares, Bitcoin Gold, and Bitcoin Private

Bittrex to Delist Bitshares, Bitcoin Gold, and Bitcoin Private
Copyright on text and image: CryptoGlobe.com
In a recently  published announcement,  popular cryptocurrency exchange Bittrex released that it will be closing wallets for Bitshares (BTS), Bitcoin Gold (BTG), and Bitcoin Private (BTCP).

The wallets will be closed on Monday, November 5, 2018. Any assets left on the exchange after that date will become unrecoverable. Any remaining funds can be removed by opening Bittrex and clicking on “Wallets,” then “withdraw.”

None of these coins currently have active markets on Bittrex. Even though you can’t currently trade these coins on the platform, Bittrex allowed traders to hold their coins on the exchange - until now.

Click to view this tweet on Twitter

It might seem strange that Bittrex isn’t trading cryptocurrencies like BTG or BTS. Both of these cryptocurrencies are in the top 50 cryptocurrencies by market cap, and are listed on other large exchanges like Binance. However, issues with the coins explain why Bittrex did not trade these cryptocurrencies.

Bitcoin Gold was originally delisted from Bittrex in September 2018, after BTG witnessed one of the largest 51% attacks in cryptocurrency history. After the attack happened, Bittrex asked BTG to recover the 12,372 BG (~$500M) that it lost during the hack. BTG declined, and was therefore delisted.

BitShares was delisted back in 2017, when Bittrex claimed that running a BTS node was too difficult, and was not worth the operating cost. The exchnage seemingly never had trading pairs for Bitcoin Private, as the cryptocurrency was airdropped to BTC holders in February of 2018. Bittrex allowed BTC holders to claim their BTCP from the exchange.

This announcement marks Bittrex’s newest removal. Their previous announcement, for an October 19, 2018 delisting, announced that Auroracoin (AUR), Bytecent (BYC), Credibit (CRB), OMNI, and Spreadcoin (SPR) will be removed. To learn more about all of Bittrex’s removals, click here to go to their support page.

Bittrex is currently the 35th most popular cryptocurrency exchange, turning over 8,047 BTC ($53M) of volume a day.



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