Bittrex Exchange cancelled the RAID ICO launch due to fake partnership with OP.GG
Bittrex International Exchange has cancelled the initial exchange offering (IEO) of the RAID token on its exchange platform due to fake partnership with OP.GG of RAID company, announced just before few hours of IEO launch time reported on the Bittrex blog post on 14 March 2019.
Some days ago Bittrex Exchange announced to launch the RAID ICO on its exchange platform but they cancelled it just few hours ago of the launch time.
ICO Launchpad
Binance Exchange is doing ICO on its launchpad since 2017 but Bittrex was going to do the same first time in history.
Launching ICO through exchanges getting too much attraction for investment purposes as all binance launchpad got successful and investors got enough profit in them.
It is not easy to buy ICO on Binance launchpad due to heavy demand and first come first serve process.
Users And Trading Volume
Bittrex is very popular and old exchange. But Bittrex lost almost 80% of users after delisting large no of tokens from exchange in 2018 starting.
Currently Binance having the max users by which they have maximum trading volume on Binance exchange.
Bittrex is the second largest trading volume exchange after Binance. Bittrex is famous for its good trading volume and good security.
Even after losing large number of user base bittrex still has enough trading volume.
Exchange Listing Fee
Bittrex started free listing of tokens which is really a big step. Bittrex wanted to list only good projects without taking any listing fee.
Binance taking very large fee for listing but bittrex do not take any fee for listing tokens on the exchange.
It does not mean that binance is not doing delisting. Binance just delisted 5 coins last month.
Security Concerns
Bittrex caring too much about users and they have powerful research team. Bittrex is most trusted crypto exchange as no hacking attack was happened in history on Bittrex.
But Binance attacked by hackers many times as API of users account hacked in mid 2018 after that binance reset the api system.
Bittrex has no security issue since first launch. It has good support and good research team.
Bittrex wanted to avoid any loss of its users thats why they have very strict listing process and very aware research team . They cancelled ico just after they found its faulty which is really appreciated.
