Olex refuse 24 and 58 cryptocurrency trading partners

Hong Kong cryptocurrency exchange OKEx has appointed on October 31, the rejection of 42 cryptocurrencies and 58 trading pairs. The reasons for this step, the exchange indicates weak liquidity of the assets to be removed and a small amount of trade in them.

The head of the operation OKEx Andy Jung called these steps "cleaning the house". Daily transactions of $395 million are processed on the OKEx platform-the exchange is the leader in the sector in terms of intraday trading volume.

The full list of cryptocurrencies scheduled for delisting can be found in the official press release of the platform, but among the largest are BRD (capitalization of $33 million), MTL ($22 million), ICN ($35 million) and SUB ($42 million).

Delisting will take place on Wednesday, October 31, at 08: 00 Moscow time. Traders are advised to cancel orders. Otherwise, the exchange will cancel the orders on its own and return the assets to the users ' wallets.

OKEx claims that the tokens themselves are not subject to delisting: only trading pairs with weak liquidity and small trading volume are removed. A similar step was taken in the past by other crypto-currency exchanges, Binance and Bittrex, which removed trading pairs with low activity. Kraken recently announced the removal of Iconomi (ICN). These steps indicate that as the bear market develops, we will see other examples of delisting in the future.

At the same time, OKEx not remained aloof from the boom tablconv to include in the listing token Paxos Standard (PAX), USDCoin (USDC), True USD (TUSD) and Gemini Dollar (GUSD). Thus, the exchange offers traders an alternative to Tether (USDT), the transparency of which has recently been questionable for many.