The main cryptocurrency exchange based in Hong Kong OKEx will remove more than 50 trade pairs with weak performance, according to an announcement published October 25.
As per the announcement, at 6:00 October 31 2018 CET, the exchange will stop the trade pairs which they call have weak liquidity and trading volume. The exchange warns users that they must cancel their order from the affected partner of the platform.
OKEx also makes it a point to note that it will only delete the trade pairs shown, but not the tokens themselves.
Andy Cheung, Chief of Operations at OKEx, called the move "taking care of the house" in a tweet Saturday, October 27, saying about OKEx and other top exchanges: "As leaders, we are responsible for promoting a strong ecosystem [...] We need to take action against tokens that are performing poorly now. "
In a tweet announcing yesterday's delisting, Cheung also noted:
Earlier this month, OKEx announced a list of four stablecoin at once - TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX).
Founded in 2014, OKEx is currently the world's largest cryptocurrency currency in terms of adjusted trading volumes, seeing around $ 402.5 million in trading over the past 24 hours.