The delisting of cryptocurrencies by prominent exchanges has been a common occurence in the crypto-verse in the past one month. The delistings started when Binance ceased all trading of the four digital assets of Bytecoin (BCN), Chatcoin (CHAT), Iconomi (ICN) and Triggers (TRIG). OKEX would later also delist Bytecoin (BCN) from its trading platform.
OKEX To Delist Over 50 Trading Pairs but Not Individual Tokens
In an announcement on the 25th of October, OKEX announced that it was delisting 58 trading pairs linked to 42 digital assets/tokens. The reasons outlined by the exchange were two. Firstly, the trading pairs had a weak liquidity. Secondly, the trading volume of these trading pairs was too low to continue supporting them on the platform. The affected tokens and trading pairs are listed below:
|Ticker||Token Name||Trading Pair to Be Delisted|
|MAG||Maggie||ETH , BTC|
|RCN||Ripio Credit Network||ETH|
|CAN||Content and AD Network||BTC|
|GSC||Global Social Chain||BTC|
|MOT||Olympus Labs||BTC, ETH|
31st October Deadline
The announcement further gave the deadline of 6am, 31st October, Central European Time (GMT + 1). Users are advised to cancel their orders of the affected pairs before the deadline. If orders are not canceled in time, the system will cancel them and the digital assets will be credited to the users’ trading accounts.
Only Trading Pairs, Not Tokens
The exchange went on to clarify that the delisting only affected trading pairs and not the individual tokens:
Please note that only the TRADING PAIRS with weak liquidity and trading volume, but NOT THE TOKENS themselves, will be delisted. Other satisfactory trading pairs can still be traded normally.
What are your thoughts on OKEX delisting the over 50 trading pairs? Please let us know in the comment section below.