A recent update from Bittrex exchange has stated that it will be removing BitBay (BAY) coin by August 16th, 2019.
Following Bittrex‘s announcement, price of BitBay (BAY/BTC) dropped 53 present. It went from 45 Satoshi ($ 0.0048) to hit a new all time low of 20 Statoshi ($0.0021). BitBay all time high was on January 6th,2018 where it reached 2428 Satoshi ($0.26).
Exchanges usually remove active coins listing for one of the following reasons:
Evolving regulatory standards and other compliance issues
Poor implementation of use cases or poor reception by community
Blockchain or related technology becomes compromised or defective
Token no longer supported by token team or others
Limited trading volume on the exchange or potentially suspicious trading activity
Experience with token applicant/team and their responsiveness to information requests
Violation of Bittrex’s terms of service or token listing agreement
Complaints by users or traders of the token
BitBay is currently being traded on UpBit and litebit.eu.
BitBay is a free, decentralized marketplace for buying and selling goods and services on the blockchain. You can connect directly with peers and transact without the need for a middleman like Amazon, eBay, or Craigslist. Transactions are secure and anonymous. They’re also guaranteed by escrow.
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