The crypto market downturn this year has taken its toll on many altcoins, with a great number struggling to maintain liquidity. Many are down by 90 percent or more regarding their all-time high — and cryptocurrencies exchanges are rethinking their take on them.
The chinese exchange Kucoin, for instance, announced recently that it has delisted 10 digital assets, including Bitcoin Gold and Mobius. Trading and deposits for these tokens have been suspended — yet withdrawals will still be available for some time.
And Singapore-based Houbi, the world’s fourth largest cryptocurrency exchange, has placed 32 trading pairs on notice. The exchange will now analyze closely these digital assets and determine which ones share the risk of future delisting.
Both exchanges mentioned weak liquidity and trading volume as the main reasons behind the delist and on notice initiatives. Their main concern: to provide a solid user experience.
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