Bittrex will delist BitShares

Delisiting of BitShares hit hard on the BTS rankings
04 October 2017   1604

On October 13, Bittrex will conduct delisting of a number of altcoins, including BitShares (BTS). This is reported by the official website.

Next pairs will be delisted:

  • BTC/BTA (Bata);
  • BTC/BTS and ETH-BTS(BitShares);
  • BTC/DAR (Darcrus);
  • BTC/DRACO (DT Token).

The delisting reasons of the popular BitShares cryptocurrency remain unclear. At the same time, according to the publication of Stock Emperor, the reason for delisting BitShares could be the requirement of the Securities and Exchange Commission (SEC). Thus, at the end of July, the SEC issued an official statement stating that some tokens could be subject to the requirements of federal securities legislation.

According to Coinmarketcap, BTS is on the 43rd in terms of market capitalization, and BitShares's closest rivals are Factom and Siacoin.

Bitshares Rate
Bitshares Rate

We can see on the graph from Bittrex the fall of BitShare. Also, if you look on the top right corner, you will see the "This market will be deleted on October 13th, 2017." notification.

Bitshares rate on Bittrex
Bitshares rate on Bittrex

According to the Bittrex rules, after delisting any of the market's cryptocurrency, users have 14 days to withdraw funds from the corresponding wallets.

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.