Popular crypto exchange OKEx has announced that it will delist over 50 different trading pairs. The cryptocurrency pairs will be removed from the platform by October 31.
OKEx will be removing these crypto pairs due to their having weak liquidity and poor trading volume, according to the official statement. The tokens will still be listed on the exchange, but users will no longer be able to trade them in the pairs mentioned.
Traders have been advised to cancel any orders that they still have open in these pairs. If they fail to do so, the orders will eventually be cancelled automatically and the assets returned to their accounts.
As leaders, we are responsible for promoting a robust ecosystem. Listing projects loosely or having 795 trading pairs is simply putting trader interests at risks. Housekeeping is necessary. We need to take action on those underperforming tokens now. https://t.co/5TRivz0ycd— Andy Cheung OKEx (not giving away OKB) (@AndyC0125) October 27, 2018
Head of OKEx Andy Cheung described the delisting as 'housekeeping', and claimed that it is necessary to protect trader interests.