Major Changes in Crypto Exchanges: KuCoin Delists Unprofitable Coins and Huobi Sends Warning to 32 Low-Volume Coins

Major Changes in Crypto Exchanges: KuCoin Delists Unprofitable Coins and Huobi Sends Warning to 32 Low-Volume Coins

The extended bear market resulted to a number of altcoins receding value, as a consequence, KuCoin continues to remove altcoins that fail short in tradability from its listing and Huobi gives an ‘ST’ risk warning to a handful of coins in its platform; Upbit refutes manipulating trading volume

Cryptocurrency exchange KuCoin, by Phoenixfin Pte. Ltd., informs that beginning 21 December, 20:00 (UTC +8) no deposits can be made relating to the coins listed below. By 24 December, 18:00 trading pairs of the affected coins will be stopped. Withdrawals will be allowed only until 21 March 2019, 18:00 (UTC +8).

The 10 coins are BitClave (CAT), Bitcoin Gold (BTG), Bread (BRD), EthLend (LEND), Jibrel Network (JNT), Mobius (MOBI), and STK (STK).

Last month, altcoins BlockMason Credit Protocol (BCPT), EncrypGen (DNA), Gladius Token (GLA), and Monetha (MTH) lost the support of the exchange.

Huobi’s ‘ST’ Risk Warning

On 20 December, Huobi alerts 32 altcoins listed on its platform for having inadequate trading volume, and thus, posing a risk to its users. The exchange further states they will go through all coins in their listing to determine which token satisfies the description of ST based on ‘Article 16, Chapter IV Handling of Violations of the Rules’.

Altcoins warned by Huobi are AppCoins (APPC), BitCapitalVendor (BCV), BnkToTheFuture (BFT), Datum (DAT),  DigixDAO (DGD), EchoLink (EKO), Enigma (ENG), Everex (EVX), Gas (GAS), InvestDigital (IDT), Intelligent Investment Chain (IIC), Lunyr (LUN), MediShares (MDS), MyToken (MT), Metal (MTL), Medicalchain (MTN), Matryx (MTX), OST (OST), Propy (PRO), Quantstamp (QSP), QunQun (QUN),  Ripio Credit Network (RCN), Raiden Network Token(RDN), Rate3 (RTE), SALT (SALT), STK (STK), Tierion (TNT), UTRUST (UTK), WePower (WPR), XMax (XMX), ZJLT, and Zilla (ZLA).

Upbit Denies Allegations of Inflating Volume

Three executives from South Korea’s cryptocurrency exchange Upbit is accused of tampering with data to exaggerate trading volume in its platform. The fake transactions reach $226 billion, or 254 trillion won.

Upbit refutes the accusation stating that the supposed falsified transactions might be the internal transactions the exchange executed. The exchange explains that to stabilize their market they performed internal transactions to support the liquidity of their corporate account from 24 September until 11 December.

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