Digibyte (DGB) Still Tradeable on Poloniex Exchange Days After Threatening To Delist It

  • Days after Poloniex announced it was going to delist Digibyte (DGB) following its founder’s criticism of of TRON’s Justin Sun as well as Binance, the crypto is still tradable in the crypto exchange platform.

According to Beincrypto, Poloniex had announced its intention to buy Tron but later removed the announcement from its Twitter account. The crypto exchange firm had stated that it was going to delist Digibyte from its platform but its now eight days later since their announcement and nothing has changed.

Rudy Bouwman, Digibyte Foundation vice chair, asked Poloniex to clarify the issue in a tweet account. Rudy also indicated that Digibyte was ranked 15th on the exchange on the basis of trading volume.

Poloniex did not give a substantive reason as to why it was planning to delist Digibyte only saying that the crypto does not meet its listing standards. In addition, the crypto exchange platform did not reveal it listing standards and why Digibyte did not meet them. The exchange has also failed to give any update on the matter after the delisting announcement. This has led to speculations that it is a punishment for the crypto’s founder criticizing Sun.

The delisting announcement has led to massive transfer of DGB assets from Poloniex. Recently, more than 100m DGB coins have been drawn from Poloniex. Despite the mass exodus, about 500m DGB coins still remain in Poloniex’s wallets. Majority of people within Digibyte community are urging more users to transfer their funds from Poloniex and make the exchange suffer more than the users.

Some DGB users and holders have expressed concerns that coins stored in Poloniex may be subjected to freezes or manipulation leading to future problems. To avoid this, the users are urging for quick withdrawals and transfer to other exchanges.

To date, Poloniex has remained silent on the issue after it issued the threats last week. It is anticipated that DGB could be delisted before the end of the year. However, their silence could be taken as a sign that they are rethinking their earlier announcement.

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