Major Hong Kong-based crypto exchange OKEx will delist over 50 trading pairs with weak performance

Several exchanges are showing the door to cryptocurrencies and relinquishing the coins from their services of late. The trend was started by Binance, when it delisted Bytecoin (BCN), Chatcoin (Chat), Iconomi (ICN) and Triggers (TRIG). Exchanges like Bittrex and Polniex have since followed suit, delisting hardforks like Bitcoin Gold [BCG] and Bitcoin Private [BTCP].

Citing low volume and minimal trading as the key reasons for the mass exodus. Exchanges simply cannot afford to keep low performing coins on their platforms and have decided to give them the boot, rather than keep them listed.

OKEX, the highest grossing exchange by adjusted trade volume has announced on Thursday that it will commence the delisting of 58 trading pairs. The 58 trading pairs comprise of 42 digital currencies.

To create a robust trading environment and offer the best trading experience to our users, we will delist several TRADING PAIRS,” stated OKEX in the announcement. The exchange cited Two main reasons for the delisting: weak liquidity and the low trading volume.

The execution time for this delisting will be 0600 CET on October 31 and the users who have completed any transactions using these coins can cancel their orders. If the users fail to cancel the order, the assets will be credited to the respective trading account.

OKEX has also explicitly stated that only the trading pairs will be delisted and not the coins itself. Other trading pairs that have sufficient liquidity and stable volume can be listed on the exchange.

The exchange stated, “We will strictly monitor all listed projects and implement the delisting / hiding mechanism for substandard projects when necessary. Protecting the interest of our users is always the essence of our service.

Trading pairs that will be delisted from the OKEX exchange are:

Ticker

Token Name

Trading Pair to Be Delisted

READ READ BTC
NGC NAGA ETH, USDT
PRA ProChain BTC
IPC IPChain ETH, BTC
MAG Maggie ETH , BTC
TRA Travel BTC
VEE BLOCKv USDT
RCT RealChain BTC, USDT
CBT CommerceBlock ETH, USDT
DNA EncrypGen BTC, ETH
VIU Viuly ETH, BTC
RCN Ripio Credit Network ETH
MTH Monetha BTC, USDT
AVT Aventus ETH, USDT
CAG Change BTC, ETH
REF RefToken USDT
UKG Unikoin Gold USDT
BRD Bread USDT
ATL ATLANT USDT
CAN Content and AD Network BTC
CHAT ChatCoin ETH
AUTO CUBE USDT, BTC
MTL Metal USDT
SUB SubStratum USDT
EVX Everex BTC
ICN Iconomi BTC, ETH
OAX OAX BTC
1ST FirstBlood BTC, ETH
SDA SixDomainChain BTC
XAS Asch ETH
AST AirSwap BTC, ETH
GSC Global Social Chain BTC
MOT Olympus Labs BTC, ETH
UCT UCOT BTC
AIDOC AI Doctor BTC
TOPC TopChain BTC
SPF Sportyco ETH
ACE ACE ETH
AMM Micromoney BTC, ETH
FAIR FairGame BTC
STC Starchain ETH
XUC Exchange Union BTC

Also read: Thai SEC has issued a warning about investing in nine digital tokens and ICOs, which have not been accredited by the regulator

Source: https://bcfocus.com/news/mass-delisting-okex-shows-the-door-to-50-trading-pairs/25827/