The Great Delisting: Why Crypto Exchanges Are Dropping Assets

The “crypto winter” that the industry experienced through most of 2018 and the first quarter of 2019 forced cryptocurrency to rethink its priorities. The same industry that had onboarded hundreds of thousands–perhaps millions–of new investors in 2017 was faced with declining prices, declining interest, and declining trading volume.

This led to a “purge” of sorts–coins, platforms, and other parts of the industry that weren’t competitive in a more mature market seemed to “die” away naturally. While the list of cryptocurrencies is longer than it has ever been, coins that have been proven unreliable or extraneous are much more likely to fail, or have failed already.

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As such, savvy cryptocurrency exchanges have decided to delist cryptocurrencies that have failed to gain adequate attention or usage or have been associated with illicit behavior. In other cases, however, cryptocurrencies have been…