OKEx Announces Third Round of Token Delisting, Totalling 135 Pairs Removed YTD

Digital asset exchange OKEx have announced that they will be removing 38 cryptocurrencies (49 trading pairs) by the end of the month. The delisting will take place on November 30, 2018, at 05:00 CET. The cryptocurrencies to be removed include BRD, DENT, KEY, OST, and many more. 

The removal is OKEx’s third delisting batch this year. As previously reported by CryptoGlobe, OKEx has been routinely cleaning up their exchange, making sure inactive trading pairs are removed.

Last month, they announced the wiping of 42 cryptocurrencies across 58 trading pairs. Before this, their first round of removals delisted 28 trading pairs and 20 cryptocurrencies. This means that between the three rounds, a total of 135 trading pairs have been delisted from their exchange.

OKEx's Delisting Policy

OKEx has published an extensive “Token Delisting/Hiding Policy” that explains OKEx’s analysis process prior to delisting coins. In this procedure, they look at a handful of factors that determine the future of the cryptocurrency.

First they look at the team. If there are any major changes in staff or business model, or the team is facing any legal issues, they are liable to be removed. Second (and argubly most importantly), OKEx reviews token trading volume. Their policy on volume is if “the average daily trading volume of a trading pair is lower than 5 BTC for 7 days consecutively or no order is filled in a trading pair within 24 hours.”

Lastly, they look at the project itself. If there are no social media updates or GitHub commits, the project stands to be removed. OKEx also looks at security and safety, to ensure that OKEx isn’t risking customer funds by allowing them to invest in faulty blockchains.

Max Keiser: Bitcoin Dominates Altcoins in Cryptocurrency Debate

  • Keiser Report host Max Keiser claims that bitcoin continues to dominate altcoins and provide more investor security.
  • Keiser predicted bitcoin's market dominance and hash rate to reach 99 percent within the next five years. 

Max Keiser, host of the Keiser Report, claims that bitcoin has no cryptocurrency rivals and that most altcoins fail to live up to the standard set by BTC. 

Speaking in an appearance on London Real, Keiser dismissed the possibility of a new crypto-asset emerging and eating into bitcoin’s market dominance. 

He said, 

There’s no coin out there that can do what Bitcoin doesn’t do already or will be able to do shortly. What you’re buying with Bitcoin is security.

Keiser continued, arguing that hard forks of bitcoin such as bitcoin cash and SV lack security compared to the original BTC.

The avid bitcoin supporter also referred to several altcoins as being “pure exit scams,” intentionally designed to manipulate investors. 

He explained, 

They have huge ‘pre-mines’ that the founders are selling or dumping and making a lot of money. A lot of people are losing money, and they have no use case. So like a Ripple or an Ether, even, is an exit scam. It’s to be avoided. Those are the top coins.

Keiser predicted that bitcoin’s market share and hash power, sitting at 65% and 85% respectively, will continue to rise relative to the market. He claimed that within five years bitcoin will account for 99% of all cryptocurrency hashing power and market capitalization. 

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