Huobi Exchange may cancel trading of 32 cryptocurrencies

Huobi, one of the largest cryptocurrency exchanges in the world, recently published a list of 32 digital currencies that are at risk. The company marks with the “ST” label companies that issue tokens and do not publish their quarterly or semi-annual report on time twice in a row.

The exchange also issues an “ST” warning to those organizations whose tokens do not reach $50,000 in average daily trading volume for 15 consecutive days, as well as to those who violate the rules of the exchanger.

The following digital coins received a warning: APPC, BCV, BFT, DAT, DGD, EKO, ENG, EVX, GAS, IDT, IIC, LUN, MDS, MT, MTL, MTN, MTX, OST, PRO, QSP, QUN, RCN, RDN, RTE, SALT, STK, TNT, UTK, WPR, XMX, ZJLT, and ZLA.

Exchange representatives stated that these 32 coins showed insufficient trading volume. However, staff will re-verify all listed tokens on December 26th. If the requirements are not met, Huobi may carry out a delisting procedure.

Huobi was previously the largest exchange in China, but due to government repression of cryptocurrency organizations, its management decided to move its headquarters to Singapore. At the moment, it is fourth in the world in terms of trading volume, according to information from CoinMarketCap, the exchange processes about a billion dollars per day. 

According to www.financemagnates.com