Okex Exchange Delisted 28 Tokens
During the "cleaning of altcoins" during the bear market, the Okex trading platform announced that it plans to delist certain pairs of tokens. In total, the list includes 28 crypto tokens.
In the official blog of the company, the following message was published:
“To maintain a healthy trading environment and pleasant trading experience on OKEX,” the exchange posted on its blog, “our auditing team has carried out comprehensive monitoring on the market and projects. We discovered that some projects have met the token delisting/hiding thresholds stated in the OKEX Token Delisting/Hiding Guideline.”
Okex crypto exchnange excluded tokens at 12:00 on August 17, 2018. It is also noted that the funds will automatically be returned to the user's spot accounts, after they are removed from the list.
The following tokens will be delisted at the Okex crypto exchange:
USDT pair: LA, READ, SNM.
ETH pair: UTK, WRC, QVT, SAN, UBTC, DNT, OAX.
BTC pair: UBTC, BCX, BT2, WBTC, UKG, LA, SAN, ATL, REQ, BRD, SNM, VEE, TIO, REF, UTK, WRC, QVT, DNT.
The decisive year for a trading platform
Note that the Hong Kong exchange Okex exists since 2014. It focuses on digital assets trading on a global scale, providing a huge number of trading pairs and futures. At the same time, recently, the exchange has often become the reason for discussions in the cryptocurrency market.
Among the criticism of the trading platform, it was often said that a significant part of the trading operations on the exchnage are fake. At the same time, the crypto exchange market is gradually expanding its scope of activity. So, the office in Malta was recently opened. In addition, the Okex Exchange released its own version of ETF.
Together with the cryptocurrencies that were delisted, the company also decided to hide some of the altcoins from the trading. First of all, it means that hidden crypto tokens won't be displayed in trading lists and charts, but they will still be visible through the search.
The hidden altcoins include UBTC, EVX, WFEE, RCT, MDA, CTR, CAG, BT2, BRD, UKG, LA, QVT, WBTC, ATL, AVT, SNGLS, REF, ICN, UTK, MTL, SUB, OAX, STC, MAG, RCN, DNT, SAN, YOYO, REQ, BCX, MTH, RDN, DAT, ZCO, VEE, NGC, MOT, GSC, TIO, AST, FUN, READ, VIU, LEND, WRC, SNM.
Okex representatives also note that in order to protect the interests of users and in general, the whole industry, the trading platform will monitor all projects and introduce delisting mechanisms.