Update: Twitter responds to OKEx threatening smaller volume coins with delisting

30 Nov, 2018 | Updated: 30 Nov, 2018
by David Borman
Exchange
Update: Twitter responds to OKEx threatening smaller volume coins with delisting

It is making the rounds on crypto twitter that apparently exchange OKEx is demanding that some smaller coins need to increase their trading volume or be delisted. This of course has caused considerable backlash from twitter, as well as accusations against other exchanges.

It all began when Rahul Sood from Unikrn, which develop the Unikoin Gold token, went on to twitter to reveal OKEx had given them an ultimatum to increase their volume or else. This got picked up and retweeted by Luke Martin, aka VentureCoinist.

In Sood's original thread he went on to elaborate on his grievance as well as call out Kucoin as well.

Meanwhile in Luke Martin's thread, users related other examples of this extortion and generally called out the behavior.

It was further suggested that this is the exchanges panicking due to lost revenue from the recent bear market.

Whatever the case, if these allegations are true it would be another reason for traders to stick with exchanges that adhere to ethical practices. Which ones those are, each trader will have to decide.

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