OKEx chops out illiquid trading pairs to improve trading environment

Okex

OKEx chops out illiquid trading pairs to improve trading environment

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

Ticker Token Name Pair
READ READ BTC
NGC NAGA ETH, USDT
PRA ProChain BTC
IPC IPChain ETH, BTC
MAG Maggie ETH , BTC
TRA Travel BTC
VEE BLOCKv USDT
RCT RealChain BTC, USDT
CBT CommerceBlock ETH, USDT
DNA EncrypGen BTC, ETH
VIU Viuly ETH, BTC
RCN Ripio Credit Network ETH
MTH Monetha BTC, USDT
AVT Aventus ETH, USDT
CAG Change BTC, ETH
REF RefToken USDT
UKG Unikoin Gold USDT
BRD Bread USDT
ATL ATLANT USDT
CAN Content and AD Network BTC
CHAT ChatCoin ETH
AUTO CUBE USDT, BTC
MTL Metal USDT
SUB SubStratum USDT
EVX Everex BTC
ICN Iconomi BTC, ETH
OAX OAX BTC
1ST FirstBlood BTC, ETH
SDA SixDomainChain BTC
XAS Asch ETH
AST AirSwap BTC, ETH
GSC Global Social Chain BTC
MOT Olympus Labs BTC, ETH
UCT UCOT BTC
AIDOC AI Doctor BTC
TOPC TopChain BTC
SPF Sportyco ETH
ACE ACE ETH
AMM Micromoney BTC, ETH
FAIR FairGame BTC
STC Starchain ETH
XUC Exchange Union BTC

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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OKEx chops out illiquid trading pairs to improve trading environment
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OKEx chops out illiquid trading pairs to improve trading environment
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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.
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Author: Divya Bhatia

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]

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Divya Bhatia 19 Articles

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]