CryptoCurrency : OKEx Starts Delisting – The Altcoin Purge Has Begun
See link below:
>Tokens to be hidden:
>UBTC, EVX, WFEE, RCT, MDA, CTR, CAG, BT2, BRD, UKG, LA, QVT, >WBTC, ATL, AVT, SNGLS, REF, ICN, UTK, MTL, SUB, OAX, STC, MAG, >RCN, DNT, SAN, YOYO, REQ, BCX, MTH, RDN, DAT, ZCO, VEE, NGC, >MOT, GSC, TIO, AST, FUN, READ, VIU, LEND, WRC, SNM
Note: While hidden tokens will not be displayed on our token trading list and charts, they can still be found to trade by entering its ticker in the search field.
>Trading pairs to be delisted: Against USDT: LA, READ, SNM Against >ETH: UTK, WRC, QVT, SAN, UBTC, DNT, OAX Against BTC: UBTC, >BCX, BT2, WBTC, UKG, LA, SAN, ATL, REQ, BRD, SNM, VEE, TIO, >REF, UTK, WRC, QVT, DNT
I don’t know if other exchanges will soon follow, but I wouldn’t be surprised to see the same thing happen. The exchanges made their money on the listing fees, trading fees, and then now are going to start delisting.
I’m 95% down on my alts, so I know the pain, but honestly this is a good thing.
I remember when Binance was still growing, and people would go there to buy the latest alts that you couldn’t find on Bittrex (Walton for instance). And slowly the market migrated over there.
Well the problem is, as many of you have seen, when you look at Binance, there are just way too many coins. The money is spread too thin. Most of the time, it is just bots trading these coins.
I expect to see more low volume coins slowly getting culled out of the market, and the money to redistribute.
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