The cryptocurrency exchange has announced delisting of a number of the least popular coins and tokens. It used to happen before but this time, the list is really long.
The full list of the removals was published in several posts on the exchange’s Twitter account. It includes ArtByte (ABY), Aiden (ADN), bitUSD, Coinomat (CNMT), The DAO (DAO), Dashcoin (DSH), Fibre, FlutterCoin (FLT), GapCoin (GAP), GroestlCoin (GRS), HyperStake (HYP), Infinitecoin (IFC), Liquid (LQD), MonetaVerde (MCN), Mintcoin (MINT), Memorycoin (MMC), Moneta (MNTA), Piggycoin (PIGGY), Silkcoin (SILK), Swarm, WorldCoin (WDC), XCurrency (XC), Crypti (XCR), Pebblecoin (XPB), CoinoUSD (XUSD), YACCoin (YACC).
The trade of these coins will be no longer supported starting from 5 September.
In most cases, the reason for removal is either low capitalisation under $100,000 or the fact that the coin is no longer active. For most of them, the daily trading volume on Poloniex does not exceed 10 BTC
The strategy behind this decision may be the consolidation of trade around the most prominent crypto coins such as bitcoin, ether, ETC, monero and dash, Bitcoinist suggests.
Poloniex boasts the largest trading volume of Ethereum tokens, both ETH and ETC which covers 51.54% of the world amount. In total, Poloniex supports over 100 cryptocurrencies.