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Poloniex to delist 27 altcoins including DSH and DAO
Leading cryptocurrency exchange Poloniex has revealed the names of 27 cryptocurrencies that it will delist, effect 05 September, 2016.
1 of 2 - On 9/5/2016, the following markets will be delisted: ABY, ADN, BITUSD, CNMT, DAO, DSH, FIBRE, FLT, GAP, GRS, HYP, IFC, LQD, MCN— Poloniex Exchange (@Poloniex) August 23, 2016
2 of 2 - On 9/5/2016, the following markets will be delisted: MINT, MMC, MNTA, PIGGY, PTS, SILK, SWARM, WDC, XC, XCR, XPB, XUSD, YACC— Poloniex Exchange (@Poloniex) August 23, 2016
The list includes DAO, which was added by the exchange in May. It also includes Dashcoin (DSH) which has a market capitalization of around $12,000.
While the company has not issued any official statement for this decision, most of these altcoins have a market capitalization below $100,000. Some of these are either not active anymore or their daily trading volume is below 10 BTC on the Poloniex exchange, Coinfox reported.
The exchange delisted ARCH, EXE, GEMZ, INDEX, MIL, MRS, NOXT, XCH, XDP in June.