The world’s second largest cryptocurrency exchange OKEx announced on Tuesday that it has decided to delist 49 trading pairs from the exchange on November 30. The most important reason for the delisting of those specific pairs is weak liquidity and trading volume.
This, the announcement says, is in order to “create a robust trading environment and offer the best trading experience” for traders. Some assets will lose certain trading pairs, while withdrawals of 26 tokens are set to disappear altogether starting at 5 a.m. CET Nov. 30.
Affected tokens include FirstBlood (1ST), Everex (EVX), Iconomi (ICN), Republic Protocol (REN), Santiment Network Token (SAN), SingularDTV (SNGLS), BLOCKv (VEE), and many others.
OKex further announced that 26 individual altcoins associated with the affected pairs would be completely removed from the platform.
“For traders 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 company said, adding that withdrawals will be disabled on December 14.
In order to protect the interests of the users, the exchange is taking this decision. The blog notes that the exchange will strictly monitor all the projects and will implement the delisting of substandard projects whenever necessary.