The biggest crypto exchange, the Hong Kong-based OKEx has announced that it will delist over 50 trading pairs that are showing poor performance.
The head of OKEx operations, Andy Cheung tweeted that getting listed is not enough.
Getting listed is not final. Maintaining a good performance is the key to success. @OKEx_ , our utmost responsibility is to ensure a robust ecosystem for our projects to grow and the best trading environment for our users to experience.https://t.co/SpHrlMl1CX
— Andy Cheung OKEx (not giving away OKB) (@AndyC0125) October 26, 2018
The exchange will stop supporting over 50 trading pairs, these are a crypto/crypto trading units, that allow the purchase of crypto with crypto. This “housekeeping” is commencing because of the poor liquidity that these pairs have been showing.
Earlier this week OKEx announced the listing of 4 new stablecoins.
WHY IS IT IMPORTANT?
- The tendency to clean up any unrequired and unused pairs is good practice, which allows keeping better track of what is going on on the platform.
- This stance that OKEx is adopting will push out all the nonsensical and unnecessary trading pairs and prevent any new such listings.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.