Exchanges

27/11/18 10:10 UTC-4

OKEx announces delisting of low-volume tokens

OKEx announces delisting
OKEx announces delisting

On November 27, the OKEx cryptocurrency exchange announced the delisting of all cryptocurrency pairs and tokens that have a low daily tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
volume - this was reported on the official blog of the platform – support.okex.com.

Global changes will significantly affect the FirstBlood crypto-coins, district0x, Iconomi, Santiment Network TokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
, SingularDTV, and more than a dozen others. A complete list of tokens whose trades are to be changed was posted on the main website of the exchange on the morning of November 27.

The delisting procedure is scheduled to begin on November 31, 2018. All users are recommended to cancel orders for those currency pairs that are listed.

"Dear Clients, in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
to create a reliable trading environment and offer the best trading experience for our users, we will “divide” several “TRADING PAIRS” with weak liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details
and trading volume, in accordance with the listing directive and hide OKEx tokens (...)"
– rom the message on support.okex.com

In an official appeal, OKEx advised traders to withdraw from stock wallets to personal tokens such as: VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT and MAG.

You can withdraw tokens until December 14th. After the expiration of this period, the tokens in OKEx wallets will be canceled. This incident is associated with the collapse of the cryptocurrency market, in connection with which the overall level of trading on the stock exchange has plummeted. The delisting of weak tokens, according to the management of the exchange, will help it to "work without losses".

Recall recently more than 30% of active traders at OKEx have suffered significant losses. This was due to the sudden closure of positions for the sale of futures on Bitcoin Cash. The level of losses amounted to more than 100 thousand dollars.

Editor: Yuliya Soroka

See also: "Bitmain was accused of "dishonest business practices""

#OKEx #delisting #cryptocurrency #exchange

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