The renowned Hong Kong-based cryptocurrency exchange and trading platform, OKEx is going to delist over 50+ digital tokens trading pairs. Moreover, the decision came due to poor market performance. The crypto exchange announced about the process of delisting for these digital tokens trading pairs on their official blog, published on Thursday, on October 25, 2018.
“Dear valued customers, to create a robust trading environment and offer the best trading experience to our users, we will delist several TRADING PAIRS with weak liquidity and trading volume according to the OKEx Token Delisting / Hiding Guideline.”
More about the Delisting of the Digital Token Trading Pair
The crypto exchange announced the ceasing of trade in these digital token trading pairs from 6:00 AM CET of October 31, 2018. Furthermore, the crypto exchange went to remind its user about canceling their orders in the following digital token. Moreover, the reason given for the discontinuation of the digital token trading pairs was poor market performance, dropping quality, and weak liquidity.
Andy Cheung, the Head of Operations at the crypto exchange, wrote about this on his Twitter. “Getting listed is not final. Maintaining a good performance is the key to success. @OKEx_ . Our utmost responsibility is to ensure a robust ecosystem for our projects to grow.”
Furthermore, some of the prominent names of the digital token trading pairs that are going to discontinue include these. These include READ (READ), ProChain (PRA), IPChain (IPC), ChatCoin (CHAT), NAGA (NGC) and Travel (TRA). These digital token pairs for trading with Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).
OKEx founded in 2014 in Hong Kong became the world’s biggest cryptocurrency exchange by trading volume (when adjusted). Moreover, it has been in the headlines recently. It was for listing over four stablecoins on its trading platform. These stablecoins included Gemini Dollar (GUSD), USD Coin (USDC), Paxos Standard Token (PAX) and TrueUSD (TUSD).
