Bittrex will delist BitShares

Delisiting of BitShares hit hard on the BTS rankings
04 October 2017   2840

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 to Launch International Trading Platform

The international platform will be available to existing Bittrex users except US customers
30 October 2018   195

At Bittrex International, there will be improved listing procedures for tokens and advanced options for qualified users from different countries.

The international platform will be available to existing Bittrex users, with the exception of US exchange customers.

Testing of Bittrex International will last over the next few weeks. Earlier the management of the American Stock Exchange planned to name its division Bittrex Malta.

According to Bittrex, the earlier process of including tokens in the listing took months. At Bittrex International, this process has been greatly improved and will be much faster. At the same time, token developers will get access to the company's partner network.

The platform will carry out its activities within the regulatory framework of the European Union and the Government of Malta.

We are committed to being a driving force in the blockchain revolution by increasing adoption of this innovative technology around the world. Bittrex International's more efficient token listing process, combined with our reliable, secure and advanced trading platform technology, will make it easy to quickly feature the newest, most innovative blockchain projects for our international partners and customers. 
 

Bill Shihara
CEO, Bittrex

Those preparing for listing on Bittrex International's assets will have to meet the standards set by the company for new tokens, which include such criteria as “authenticity, innovation and quality”. Also, the coins should not contradict the requirements of the Maltese Law on Virtual Financial Assets.