Bittrex, a major US-based cryptocurrency exchange, has announced plans to remove a total of 82 altcoins from its listings by March 30. The platform stated that it has flagged and warned on these coins as users will no longer be able to withdraw any of the delisted tokens if they are left in accounts at the end of the month.
According to Bittrex, the majority of the delisted altcoins have broken blockchains, were abandoned by their developers, or were designed as scams or pump and dump schemes. In addition, some of the digital currencies slated to be removed from the exchange have poor liquidity on its platform
As new coins emerge, old and abandoned coins are routinely removed from exchanges to cleanup their listings, as well as to protect users from purchasing dying or scam assets.
Given that most of the coins being delisted on the exchange have broken blockchains, refunds will not be possible. Bittrex stressed it will make no exceptions for further funds remaining at the time of delisting.
“Occasionally, there are circumstances that lead Bittrex to remove a coin’s wallet or market from the Bittrex Exchange,” Bittrex explained in a statement. “These actions are taken to ensure customers have access to digital tokens that continue to meet our strict coin listing criteria and have a properly functioning blockchain and wallet.”