Significant Hong Kong-based mostly cryptocurrency trade OKEx will delist around 50 trading pairs with weak general performance, according to an announcement revealed Oct. 25.
As per the announcement, at 6:00 am Oct. 31, 2018 CET, the exchange will halt the buying and selling of a swathe of pairs that they cite as obtaining weak liquidity and investing quantity. The exchange warned end users that they must cancel their orders of the influenced pairs from the system.
OKEx also produced a place of noting that it will delist only the indicated buying and selling pairs, but not the tokens on their own.
Andy Cheung, Head of Operations at OKEx, identified as the transfer “housekeeping” in a tweet right now, Oct. 27, indicating about OKEx and other leading exchanges: “As leaders, we are responsible for promoting a strong ecosystem […] We need to take action on those underperforming tokens now.”
In a tweet saying the delisting yesterday, Cheung also famous:
“Getting listed is not closing. Maintaining a very good functionality is the vital to accomplishment.”
Earlier this month, OKEx introduced the listings of 4 stablecoins at when – TrueUSD (TUSD), USD Coin (USDC), Gemini Greenback (GUSD), and Paxos Common Token (PAX).
Founded in 2014, OKEx is at press time the world’s major cryptocurrency trade in phrases of adjusted buying and selling quantity, observing all over $402.5 million in trades above the previous 24 several hours.