OKEx, one of the biggest cryptocurrency exchanges by market cap has delisted several additional trading pairs, today. It happens to be to be noted that, it is a third time OKEx has delisted a small group of assets.
OKEx stated the delisting of thirty-eight different cryptocurrency trading pairs, from a declaration today online support page. OKEx directed the announcement toward its customers. While in the announcement, they explained the delisting of multiple assets was customer happiness low volume and liquidity.
Several notable delisted pairs include LAToken (LA/ETH), Datum (DAT/BTC/ETH/USDT), and Bread (BRD/ETH), as well as others.
It is to be noted that Bread used to have a market cap more than $192 million and priced over $3 per token, reported by Coinmarketcap.com. This severely hit asset now reports a marketplace capitalization of only about $14.7 million, at slightly over $0.24 per token. However, for the duration of reporting it’s up by around 7 percent with a 24-hour chart. Many cryptocurrencies show considerable price deterioration after getting on exchanges and touring open markets.
OKEx explains this collecting delistings to be the “third batch” of delisted digital assets. Several crypto news outlets reported of thirty other delisted OKEx pairs at the end of October. Those included makes Ripio (RCN/BTC) and Monetha (MTH/BTC).
It has been to be noted that OKEx is not only exchange delisting trading pairs. Our next Web reported a few months ago in the month of March, to the eighty-four cryptocurrencies delisted from Bittrex exchange. The list includes typically lesser-known digital assets. These coins and tokens were purportedly violating Bittrex’ terms and conditions.
Last month several media outlets reported on Binance delisting four cryptocurrencies, impacting their respective prices significantly. ChatCoin (CHAT), Bytecoin (BCN), Triggers (TRIG), and Iconomi (ICN) were all removed from Binance. Triggers saw some of the most noteworthy negative impact – a big price drop of virtually 49%.
The past several months have also seen Liqui exchange removing twenty-five trading pairs, according to media reports. The Liqui case differed slightly nevertheless, in that , some of the delisted pairs were top volume producers like Basic Attention Token (BAT). Notably, this raised questions of any possible exit scam in the works.