An exchange is considered to be robust if it actively keeps making changes to exchange that helps in keeping the trading environment healthy and improves the user experiences. OKEx has just done that by delisting trading pairs weak liquidity and trading volume according to the OKEx Token Delisting / Hiding Guideline.
OKEx delisting pairs which are illiquid
According to the latest notification issued by OKEx, the exchange will delist several TRADING PAIRS with weak liquidity and trading volume according to the OKEx Token Delisting / Hiding Guideline. The execution time for this actin would be at 06:00 Oct 31, 2018 (Central European Time). The exchange advises users to cancel their orders of the affected pairs from the platform. If the order is not cancelled in time, the order will be cancelled by the system and the asset will be credited to your trading account.
The exchange also emphasised that only the TRADING PAIRS with weak liquidity and trading volume, but NOT THE TOKENS themselves, will be delisted. Other satisfactory trading pairs can still be traded normally.
The exchange also put forward that it strictly monitor all listed projects and implement the delisting / hiding mechanism for substandard projects when necessary. Protecting the interest of the exchanges users is key for the exchange. There are total 50+ pairs that are being delisted. Details of the mis as follows
|MAG||Maggie||ETH , BTC|
|RCN||Ripio Credit Network||ETH|
|CAN||Content and AD Network||BTC|
|GSC||Global Social Chain||BTC|
|MOT||Olympus Labs||BTC, ETH|
This step is really prominent for OKEx and leaves an example for other exchanges as well to follow the suit if then need to keep themselves robust and enrich user experience. This also eliminates redundant tokens
Will other exchange also follow suit like OKEx? Do let us know your views on the same
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Divya Bhatia from Computer science background is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Reach out to her at [email protected]