CEX.io Announces Massive Removal of Traded Altcoins

News and Analysis

Cryptocurrency exchange CEX.io will cease supporting a vast majority of altcoins at its platform. According to the official announcement, the process will be multistaged and prolonged.

The exchange justifies this decision with a desire to provide ‘a better exchange service and trade opportunities’. Another move announced in the same post is suspension of GHash.io.

The announcement states that as of December 15th, 2015, the exchange will remove IXC, DVC, POT, ANC, MEC, WDC, FTC, DGB, USDE, MYR, and AUR from trading. Dash mining pool will cease its operations the same day, while trading pairs for it will be removed a week later, on December 21st. Also removed will be DOGE and NMC, but merged mining for BTC+NMC and LTC+DOGE will retain. Respective wallets will provide withdrawal services. Remaining will be only pairs involvinb BTC and LTC.

The exchange recommends its customers either to convert their altcoins into bitcoins or litecoins, or to deposit extra coins to the wallet in order to maintain a minimum trade amount required by the respective blockchain and the fees involved therein.

At the same time the exchange will impose fees for wallet storage of some removed altcoins comprising the respective altcoin’s worth of 0.00015 BTC per wallet a day until the balance has dropped down to zero. The exchange advises the customers to convert their altcoins to bitcoins or litecoins to avoid the fee. As of January 15th, 2016 the fee will apply to wallets containing IXC, DVC, POT, ANC, MEC, WDC, FTC, DGB, USDE, MYR, AUR, and DRK, while BTC, LTC, DOGE, and NMC wallets will remain free.

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