A new announcement coming from the official website of one of the most popular cryptocurrency exchanges OKEx is in the latest crypto news. The announcement states the delisting of even 38 different cryptocurrency trading pairs.
The exchange announced the delisting directly to its customers, explaining that it is mainly due to the low volume and liquidity of those trading pairs. Some of the most notable delisted pairs include the names of Bread (BRD/ETH), Datum (DAT/BTC/ETH/USDT), and LAToken (LA/ETH), as well as others.
What’s interesting is that Bread once had a market cap of more than $192 million and was priced over $3 per token, according to data from Coinmarketcap.com. Currently, the market cap is at $18.7 million and $0.21 per token which shows a major decrease and price wear and tear thanks to the bear market.
DELISTING OF TRADING PAIRS: We will delist several TRADING PAIRS with weak liquidity and trading volume according to the OKEx Token Delisting / Hiding Guideline. #OKExAnnouncementhttps://t.co/cjcYf8EQcd
— OKEx (@OKEx) November 27, 2018
The listed pairs will be removed on November 30th. According to the announcement:
“Users should cancel their orders of the affected pairs from our platform. If your order is not canceled in time, the order will be canceled by the system and your asset will be credited to your trading account.”
OKEx is not the only exchange delisting trading pairs. Earlier this year, The Next Web reported on the 84 crypto assets that were delisted from the Bittrex exchange, most of which lesser-known assets.
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“We will never accept won or renminbi or francs or cryptocurrency, or any other currency. You have to relieve your debts to the state of Ohio with U.S. dollars. That’s what we’re currently accepting. This platform just allows for that exchange, basically before that debt is settled to the state of Ohio.”Sprague pointed out that the treasury is reviewing how the program can be expanded and they are looking into the potential risks that can come up by using this method of tax payments. Ohio is working hard to attract blockchain-related businesses to the state. The state has already passed a law allowing businesses to pay taxes in crypto but the State Treasurer Josh Mandel stated that the legislation ‘’pants a flag’’ in Ohio regarding cryptocurrency adoption. Two days ago, the County Auditors’ Association of Ohio announced the gathering of a group that will work to explore the benefits of blockchain in real estate and transfer of land titles.
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