Crypto exchanges have to tread carefully when delisting trading pairs, but leaving pairs there that aren’t used can cause just as much trouble. Exchanges want to be seen as active and popular, and therefore only like to list and host the most popular trading pairs. Sure, smaller coins with low trade volume need a place to call home, but that’s not on a top 10 crypto exchange. When a token is delisted it can often signal the end of a project’s life. as investors quickly drop their coins while they still can. It’s safe to say that this is something that is very hard to come back from.
Not Popular on OKEx
Not all of the cryptos getting the axe are unpopular or untraded tokens, they just simply aren’t popular on OKEx. Ripio is a prime example. It’s a fairly popular crypto in its own right, but it just doesn’t see much trading activity on OKEx, so it’s getting cut. Cryptos that fall into this category won’t suffer deadly fallouts and price drops, as they still trade in other places where they are more popular. In fact, those exchanges will likely see a boost in trading volume as OKEx traders of Ripio head over there.
OKEx Stepping up Its Stablecoin Game
There has been a lot of trouble surrounding Tether – the most popular stablecoin – lately, and OKEx isn’t taking any chances. It looks like it’s set to vanish from the face of the earth, especially after it burned more than half of all existing tokens. To prepare for the worst, OKEx has listed four new stablecoins to give investors plenty of choice when it comes to picking their stablecoin for hedging. These fiat pegged cryptos are vital to any skilled crypto trader, as they are used to hedge risks and protect investments from corrections in the market. Now, OKEx has a wide range to choose from, so investors have more reason to use its platform.
Who’s Getting the Axe?
The part you have all been waiting for, the list of cryptos being cut. OKEx is officially delisting trading for the following pairs:
VIU/ETH & BTC
READ/BTC
ACE/ETH
1ST/BTC & ETH
VEE/USDT
TOPC/BTC
TRA/BTC
MOT/BTC & ETH
CAG/BTC & ETH
CBT/ETH & USDT
STC/ETH
AIDOC/BTC
GSC/BTC
MTH/BTC & USDT
CHAT/ETH
AVT/ETH & USDT
RCN/ETH
RCT/BTC & USDT
UCT/BTC
REF/USDT
UKG/USDT
EVX/BTC
FAIR/BTC
DNA/BTC & ETH
AST/BTC & ETH
IPC/ETH & BTC
AUTO/USDT & BTC
ATL/USDT
PRA/BTC
MAG/ETH & BTC
NGC/ETH & USDT
CAN/BTC
BRD/USDT
SPF/ETH
MTL/USDT
SUB/USDT
XAS/ETH
AMM/BTC & ETH
SDA/BTC
XUC/BTC
ICN/BTC & ETH
OAX/BTC.
Some of these trading pairs will continue to trade elsewhere, and for some it’s the end of the line.
This is a common practice by all leading exchanges, as it simply weeds out the weaker coins from the platform. It’s nothing to worry about, but if you’re holding these coins, you’re going to need to find a new place to trade them – good luck!
