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.
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.
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