OKEx Removes Cryptocurrency Series from List of Available Coins due to Low Liquidity — Coinzdaily
The Singapore cryptocurrency platform OKEx, based in Hong Kong, reported that a number of cryptocurrencies were excluded from the list of available tokens due to low liquidity. The statement was published on November 27th.
We remind you that the OKEx platform first announced the delisting of a number of cryptocurrencies in October of this year. The first pair of coins was removed from the platform on October 31. In general, the company intends to remove 49 trade pairs.
Representatives of the company argue this decision by the fact that the rejection of illiquid coins will provide an opportunity to create a reliable and safe trading environment and offer traders more favorable conditions.
Also, representatives of the company said that the actions of the company will protect the interests of their customers. Also, OKEx reports:
“We will strictly monitor all listed projects and implement the delisting/hiding mechanism for substandard projects when necessary.”