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Bittrex has decided to delist Bitshares from its exchange on 13th October 2017.

It came to me as surprise, till now I could not find the exact reason behind such a decision by Bittrex. To the best of my knowledge BTS is not an ordinary crypto and who dont know much about it I want to highlight some of the main characteristics as follows:-

Trading fees are quite cheap and the community developers are also good.

BTS is heavily used coin and probaly it has got the longest chain as well.

Bitshares is actively upgrading the exchange user interface and fixing tons of bugs, they are spending over $160,000.00 USD in the next six months to upgrade the exchange to a world class interface.

Bitspark is moving millions of dollars of remittance volume from Bitcoin to the Bitshares DEX because Bitshares is faster, offers smart coins and is scalable to 100,000+ transactions per second.

But despite of having so many good features, Bittrex has decided to delist this along with some other coin as below:-

BTC-BTS

BTC-BTA

BTC-DAR

BTC-DRACO

ETH-BTS

The scheduled delisting date is on 13th October 2017.

BTS is trading negative following this news and heavily down but it is other wise a buying opportunity for me, because i still have bullish bias on BTS.

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I have also done some research in bittrex website to find the exact reason to delist Bitshares, and I am putting those criteria set by Bittrex to delist a coin, but I found none of those points are applicable to Bitshares. So i urge the community to join the discussion "Why Bittrex is going to delist Bitshares".

Here are the Bittrex Rules :-

Bittrex Market Removal Policy

We look for coins that have high community demand, innovations to crypto-currency technology, or a contribution to science and humanity. We believe in aggressively taking chances on coins and letting the free market sort out which coins should thrive.

Bittrex reserves the right to keep or remove any market from its exchange.

Markets which are more eligible for removal include but are not limited to:

Markets with less than 0.5 BTC (or equivalent) of average daily volume over a 7 day period and have been on Bittrex for 4 weeks or more.

Markets that consistency dip below the minimum volume requirement.

Markets with 0 daily volume.

Markets with low liquidity. Less that 15 BTC on the Buy side of the order book for Bitcoin markets.

Coins with no developer support or public developments.

Coins without working blockchains.

Coins which do not adhere to their target block times.

Coins with weak blockchain security. e.g. Low hash rates which can be exploited.

Coins which violate our policies.

Coins which have compliance issues.

If a market is removed, you will have 14 days to remove your coins from our wallets.

Bittrex is really a big exchange and such an announcement is really making a big impact on BTS at the moment but I would consider personally as an opportunity to buy this.

Those who want to move their BTS from Bittrex to somewhere else then they can choose

https://bitshares.org/

And please join the discussion to

"What could be the reason to delist BTS by Bittrex"

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References:- SOURCE

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Follow : @sthitaprajna

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