cryptovest.com
Hong Kong-based cryptocurrency exchange OKex has announced the imminent delisting of another batch of trading pairs. The company, which is pruning underperforming digital assets from its order book, said in a blog post on Tuesday that it would cease support for a further 49 crypto pairs.
“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,” OKex stated.
The exchange went on to provide the full list of underperforming crypto pairs, advising users to cancel their orders before the changes take effect on November 30. OKex further announced that 26 individual altcoins associated with the affected pairs would be completely removed from the platform.
“For traders who are holding 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, or MAG, please withdraw your tokens immediately to other platforms or to your wallet,” the company said, adding that withdrawals will be disabled on December 14.
Last month, OKex announced the delisting of 58 trading pairs, which have failed to meet the platform’s performance standards. Announcing the move, the company’s head of operations, Andy Cheung, said that the “housekeeping is necessary” and “getting listed is not final”.
Reaffirming Cheung’s stance, OKex noted in its Tuesday statement that its decision to remove a second swathe of trading pairs is based on an ambition to protect the interest of its users.
“We will strictly monitor all listed projects and implement the delisting / hiding mechanism for substandard projects when necessary,” the company said.