Poloniex to delist 27 altcoins on the 5th of September

Investing | August 25, 2016 By:

Poloniex has announced that 27 cryptocurrencies will be delisted from their cryptocurrency exchange on the 5th of September, 2016.

“The following markets will be delisted: ABY, ADN, BITUSD, CNMT, DAO, DSH, FIBRE, FLT, GAP, GRS, HYP, IFC, LQD, MCN, MINT, MMC, MNTA, PIGGY, PTS, SILK, SWARM, WDC, XC, XCR, XPB, XUSD, YACC,” said Poloniex.

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.

Poloniex is a US-based cryptocurrency exchange.