Bittrex Tightened New Tokens Listing Rules

Now token can be delisted due to low community interest or changes in legislation
01 February 2018   344

The American exchange Bittrex has updated the requirements for new tokens listing. In particular, now developers need to provide technical information about the token itself, as well as the data of at least one team member. The new criteria are reported by CoinDesk.

In addition, Bittrex will check whether it is legal to host each specific token for trade in the United States. After this check, the specialized board will consider the features of the block of the presented crypto currency, its scope, its importance for the market and the reputation of the team.

We have to have confidence that as things are breaking that these guys are actually able to fix it and sometimes fix this stuff on the fly. So, you know having a great engineering team and great leadership team matters significantly in the listing process.
 

Bill Shihara
CEO, Bittrex

Among the reasons why Bittrex can delist token are:

  • changes in legislation,
  • low community interest,
  • break-in or breakdown of blockchain and crypto-currency-related technologies,
  • the team's refusal to support their own token,
  • low trading volumes,
  • suspicious activity in the market
  • user complaints.

Tokens that fall under the delisting criteria will not be removed immediately, but within two weeks. After the direct removal of the token, traders will have another two weeks to withdraw their assets.

Bittrex CEO Revealed Plans to Launch US Dollar Trading

The Chief Executive Officer of Bittrex Exchange stated in an interview that the exchange will soon open USD trading for the majority of the customers
01 February 2018   2359

Bill Shihara is a co-Founder and CEO of Bittrex, who previously was a Security Engineering Manager at Amazon and Manager of Security Threat Analysis and Security Engineering at BlackBerry.

In a recent interview with Unikrn radio, Bill Shihara revealed that the popular cryptocurrency exchange Bittrex will soon launch US Dollar trading on the platform. Those news are really big considering the recent problems connected with Tether (USDT). 

We will be doing US dollar trading. This won't be open to everybody, but we will have US dollar trading available for the majority of our customers. People who are interested, there is a separate, enchanced due diligence process around getting your account blessed for US dollars.
 

Bill Shihara

Bittrex CEO

As for the community reaction to the abovementioned news, many users suggest that the ticker USDT will be removed and changed for USD, but there is no confirmed information regarding this issue yet.