Significant news has emerged from ProBit, the only centralized exchange listing BLURT: ProBit is delisting BLURT. This development represents a substantial setback for BLURT’s accessibility on centralized exchanges and increases reliance on Hive Engine (DEX). This prompts the question: is this shift inherently negative?

Ramifications of BLURT’s Delisting

The delisting of BLURT from ProBit eliminates the ability to trade BLURT on this centralized exchange. As ProBit was the sole centralized platform listing BLURT, this change significantly impacts the ability to obtain reliable market data from widely recognized cryptocurrency trackers such as CoinGecko and CoinMarketCap. Investors and users who rely on these platforms for tracking BLURT’s value within their portfolios will face challenges due to the absence of accurate, centralized market information. Unfortunately, CoinGecko and CoinMarketCap do not include data from Hive Engine or its associated tokens, which could have provided an alternative source of reliable valuation metrics for BLURT.

Those who traded Blurt on ProBit's platform will no longer be able to trade in the future. Since it is being delisted, this marks an end for Blurt being traded on centralized exchanges.

Blurt's Reliance on Hive Engine Grows

With BLURT’s delisting from ProBit, its dependence on Hive Engine will significantly increase. Users seeking to acquire BLURT must now exclusively use Hive Engine, as it becomes the sole platform for trading this cryptocurrency. Consequently, users previously trading on ProBit are likely to migrate their BLURT holdings to Hive Engine. This shift is expected to boost the SWAP.BLURT/HIVE spot trading volume and enhance liquidity in BLURT’s trading pairs, including SWAP.BLURT:SWAP.BTC, SWAP.BLURT:SWAP.USDT, and SWAP.BLURT:SWAP.LTC. Increased adoption of the SWAP.BLURT token on Hive Engine will likely drive higher trading volume in both spot markets and liquidity pools.

While BLURT has potential to reduce its reliance on Hive Engine, achieving this would require a coordinated community effort to secure listings on other centralized exchanges. Discussions are underway to integrate BLURT as a token on alternative cryptocurrency networks, but no agreements have been finalized. For the foreseeable future, BLURT users must remain engaged within the Hive ecosystem to maintain access to other tokens and cryptocurrencies.