Cryptocurrency exchange with nearly $50 million in trade volume - Poloniex, has announced it will delist eight coins from its platform on September 25.
On Tuesday September 25th, at 12:00 ET, the following assets will be delisted from Poloniex: BTCD, BTM (Bitmark), EMC2, GRC, NEOS, POT, VRC, XBC.
— Poloniex Exchange (@Poloniex) September 18, 2018
The exchange claims that some cryptocurrencies in the list have lost support of their developers and therefore hold no value. Users of the exchange were asked to close all of their positions until the due date. From that point onwards they will have exactly a month to transfer their crypto form the service before support for them is removed.
Why it is important
- None of the digital currencies that are being removed from the platform are significant in terms of value or trading volume.
- Bitcoindark was mentioned specifically by the platform in the blog. Saying that even though around 1 million BTCD are still out there, the network is neither functionable nor reliable as all resources have moved over to the komodo network.