OKEx Will Delist Another Wave of Trading Pairs Over ‘Weak Liquidity’

According to a blog post, OKex, a big Hong Kong-based cryptocurrency exchange declared that it was delisting the second swath of trading pairs because of “weak liquidity.”

It was announced that its plans to start delisting some pairs and tokens in October and extracted the first batch by the end of October. It will now remove 49 more trading pairs from its order book.

The announcement states that for them to “create a robust trading environment and offer the best trading experience” for traders.

Few assets will lose some trading pairs, while withdrawals of 26 tokens are set to disappear altogether starting at 5 a.m CET November 30th.

In comments explaining the impetus behind the policy, KEx said it was acting in order to “protect the interests of its users,” including:

“We will strictly monitor all listed projects and implement the delisting/hiding mechanism for substandard projects when necessary.”

Constantly topping volume charts, OKex is presently the second largest exchange by volume worldwide with just binance handling more value daily.

At the same time, authorities have opted to include a string of new tokens in the form of stablecoins, four of which debuted simultaneously last month.