CryptoBridge De-lists Half of The Coins on The Exchange

Another one bites the dust, Cryptobridge, the decentralized cryptocurrency exchange (DEX) dropped a de-listing announcement bomb on all of their users and will be de-listing over 160 crypto projects from its platform. users will have to withdraw their funds from the exchange before November 25.

The de-listed coins are:

ACED, AEX, AGOR, AGU, APR, ARION, ATHR, AUS, AXS, BBP, BIII, BIR, BLCR, BSTY, BTDX, BTOK, C2P, CDM, CDS2, CDZC, CFL, CHANC, CHEESE, CLOAK, COTN, CRAVE, CRW, CSPN, CSTL, CTSC, DACHX, DC, DEXR, DGB, DIN, DMD, DONU, DSR, DXC, ECA, ECC, EDCO, EPIC, EQT, EXCL, EXPI, EXUS, FET, FGC, FLASH, FLM, FLO, FOIN, FTXO, FYD, FYP, GBX, GCR, GHR, GMCN, GNY, GRLC, GRS, GRV, HIN, HLM, HXX, IC, ICC, INDEX, IFX, IMG, IMPL, INGY, INN, IQ, ISF, KEC, KNG, KRI, LRM, LTX, LUCKY, LUX, MARC, MC, MEDIC, MERO, MMCO, MOBI, MONA, NIO, NIX, NLC, NORT, NPXS, NRG, NTRN, NZL, ODIN, OHMC, OLMP, OMG, ONEX, OPC, P2P, PBC, PHR, PINK, POWR, PRJ, PROTON, PRTX, QTUM, RPI, SCN, SEND, SEQ, SLS, SNCZ, SSX, STAK, STM, STONE, SUBIX, SUMO, SUQA, SYNX, TCN, THC, TOA, TRAID, TRO, TROLL, TSC, UFO, ULG, VITAE, VIVID, VIVO, VNX, VRM, VSX, VTC, WAGE, WC, WGR, WIRE, WSP, XAP, XCOM, XDNA, XFE, XGS, XIND, XLR, XMCC, XORN, XSD, XUEZ, XZX, ZBA, ZNN, ZNZ

CryptoBridge claims that the de-listing will effect only the inactive crypto projects on it’s platform. But, some developers such as Neutron coin team are accusing CryptoBridge of holding their project as hostage for a $1000 ransom!.

Users who wish to transfer their coins out of CryptoBridge platform will have to submit their personal information (proof or residence and government ID) for KYC purposes to follow the new exchange’s rules — and this goes against the whole idea of a decentralized trading.

CryptoBridge is decentralized cryptocurrency exchange (DEX) that was established in late 2017. The platform operates using the BitShares network, which features a processing capacity of 100,000 transactions per second and does not store the private keys of their user’s funds.

Decentralized Exchange is called a market ecosystem in which sellers and buyers coexist without relying on a third-party service to retain customer funds, exchanges occur directly between users (P2P) through an automated process. The transactions resulting from their exchanges are recorded in an accounting book, distributed in each node that participates in the network.