BitShares holders were forced to remove all of their BitShares from the exchange and all BitShares trading on Bittrex has ceased. As a result, $150 million was wiped off the BitShares market cap, almost instantly.
Only a few months prior, BitShares was in the top 10 in market cap, was one of the highest traded by volume coins, and had experienced a dramatic rise in price. It is curious that the popular cryptocurrency would be delisted almost inexplicably. Even more curious is the timing.
BitShares had recently announced several businesses that were migrating to the BitShares platform as well as the expansion of the BitShares Foundation. The Foundation’s mission is to promote, advocate and grow the BitShares ecosystem to its full potential. With all of this good news, legitimate growth and success, why would Bittrex delist BitShares out of the blue?