OKEx Will Delist Another Wave of Trading Pairs Over ‘Weak Liquidity’

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Major Hong Kong-based cryptocurrency exchangeOKEx announced it was delisting a second swathe of trading pairs due to “weak liquidity” in a blog post Nov. 27.

OKEx Will Delist Another Wave of Trading Pairs Over ‘Weak Liquidity’

OKEx, which announced its intention to begin delisting certain pairs and tokens in October and removed the first batch Oct. 31, will now remove a further 49 trading pairs from its order book.

This, the announcement says, is in order to “create a robust trading environment and offer the best trading experience” for traders.

Some assets will lose certain trading pairs, while withdrawals of 26 tokens are set to disappear altogether starting at 5 a.m. CET Nov. 30.

In comments explaining the impetus behind the policy, OKEx said it was acting in order to “protect the interests of its users,” adding:

“We will strictly monitor all listed projects and implement the delisting / hiding mechanism for substandard projects when necessary.”

Regularly topping volume charts, OKEx is currently the second-largest exchange in the world by volume, with only Binance handling more value per day.

At the same time, officials have opted to add a string of new tokens in the form of stablecoins, four of which debuted simultaneously last month.

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