OKEx Set to Delist New Batch of Trading Pairs

OKEx Set to Delist New Batch of Trading Pairs

cryptocurrency tokens

OKEx a popular crypto exchange has announced that it will be delisting some selected cryptocurrency tokens from its platform.
OKEx deleted 50 pairs just last month.

The exchange made this known in an announcement today. According to the release, OKEx will be removing some trading pairs from its platform. Just last month, the exchange delisted over 50 trading pairs from its platform and some few tokens were also deleted in the process.

According to exchange, the purpose of the delisting is to help it create a “robust trading environment” and also allow for a better trading experience for its platform users. OKEx also made sure to point out that the pairs getting delisted have recorded low trading volume and weak liquidity over a long period of time.

The exchange made it known that the delisting of the affected tokens will be done on November 31st, 2018.

As a result of this, the exchange has advised its users to cancel orders related to the affected tokens before the set time. For those who fail to follow this advice, their orders will be canceled and whatever is left of the trade will be credited to their various account.

Supported Till December 14th, 2018

The exchange also made it known that all the affected tokens (26 in number), will stop receiving support starting from 5 am (UTC + 1) on the 14th of December, 2018.

The press release stated that:
“For users who are holding VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT, or MAG, please withdraw your tokens immediately to other platforms or to your wallet. The withdrawals of the above token will be closed from 05:00 Dec 14, 2018 (CET).”

OKEx added that:
“We will strictly monitor all listed projects and implement the delisting/hiding mechanism for substandard projects when necessary. Protecting the interest of our users is always the essence of our service. We appreciate your understanding, support, and cooperation in this case.”