The crypto world was thrown a curve ball yesterday when Bittrex announced the removal of BTS from its exchange, along with four other trading pairs.
BTS dropped 20% on the news alone.
Bittrex gave no official reason for delisting BTS, as is their normal policy. You can see their market removal policy here.
It certainly wasn’t due to low volume, which is the case with most coins.
Some speculate BTS was removed because it’s a competitor to Bittrex. Others speculate that BTS was banned because it’s popular in China. And yet others speculate the problem is technical and BTS will be back in the future.
Whatever the case, the question is, what do you do with BTS now.
As you can see from the chart below BTS is roughly 90% off its all-time high. At that time it had a valuation of $1 billion. Now it’s around $140 million.
For me personally I’m not selling my BTS. I may even buy more.
One positive for Bitshares is the integration of Bitspark.
Bitspark is a Hong Kong based remittances company. Right now it’s operating in the Phillippines, Indonesa, and Vietnam but has plans to expand worldwide.
In August Bitspark announced it was switching from the bitcoin blockchain to the Bitshares blockchain. Bitspark favors Bitshares as you can create pegged cryptocurrencies, it’s cheaper and faster, it’s more liquid, and it’s a decentralized exchange with zero counterparty risk.
To learn more you can check out an interview with Bitspark’s CEO Maxine Ryan here.
The other positive for Bitshares is the TXSRB and Stokens. has been writing about it here.
I wrote about the TXSRB, or Tokens & Exchange Self-Regulating Body in September. Its goal is to bring fair and transparent regulation to tokens and ICOs.
Then there is Stokens, which is a platform for security tokens on the Bitshares blockchain.
In my opinion, this is huge because just about every financial asset can be tokenized. The TXSRB and Stokens will go a long way to making it a reality.
In conclusion, I’m holding onto to my BTS.
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This is not financial advice. Do your own due diligence.