Hong Kong cryptocurrency exchange OKEx appointed on 31 October rejection of 42 and 58 cryptocurrency trading pairs. The reasons for this step, the exchange indicates weak liquidity of the removed assets and the small volume of trade.
The head of the operation OKEx Andy Jung called these steps “cleaning the house”. Daily on the platform OKEx processed transactions to $395 million — vnutricletocnam the volume of trade exchange is a leader in the sector.
Full list of cryptocurrencies, scheduled for delisting can be found in the official press release site, but among the largest — BRD (capitalization of $33 million), MTL ($22 million), ICN ($35 million) and SUB ($42 million).
Delisting will take place on Wednesday, October 31, at 08:00 Moscow time. Traders are advised to cancel the orders. Otherwise, the exchange will cancel orders on their own and return the assets in the wallets of users.
OKEx claims that the tokens themselves are not exposed to delisting: deleted “only trade pairs with weak liquidity, and small trading volume”. Similar steps were taken in the past other cryptocurrency exchanges Bittrex Binance and remove pairs with low trading activity. Kraken recently announced the removal Iconomi (ICN). These steps indicate that the development of a bear market in the future we will see other examples of delisting.
At the same time, OKEx not remained aloof from the boom tablconv to include in the listing token Paxos Standard (PAX), USDCoin (USDC), True USD (TUSD) and Gemini Dollar (GUSD). Thus, the exchange provides traders with an alternative Tether (USDT) whose transparency in recent years many doubts.