Huobi exchange has recently asked major listed coins to maintain the sufficient funds otherwise it may result in canceling the trading pairs. Accordingly, there are 32 coins listed on the exchange for ‘ST’ risk, a warning tag– these include, BitCapitalVendor (BCV), BnkToTheFuture (BFT), AppCoins (APPC), DigixDAO (DGD), Datum (DAT), Enigma (ENG), EchoLink (EKO), Gas (GAS), InvestDigital (IDT), MyToken (MT), Intelligent Investment Chain (IIC), Medicalchain (MTN), Lunyr (LUN), Metal (MTL), MediShares (MDS), Matryx (MTX), Propy (PRO), OST, QunQun (QUN), Quantstamp (QSP), Ripio Credit Network (RCN), SALT, Raiden Network Token (RDN), Tierion (TNT), Rate3 (RTE), XMax (XMX), UTRUST (UTK), ZJLT, WePower (WPR), Zilla (ZLA), Everex (EVX) and STK.
Huobi Might Cancel Trading Pairs of 32 Listed Tokens
Huobi was one of the Chinese based cryptocurrency exchange, presently having its operation in Singapore. ST is a warning tag by Huobi exchange which has been defined under its ‘administrative rules’. According to this tag rule, tokens must provide a quarterly or semi-monthly report in time tice in succession to the exchange, in case if they fail, they may receive ST warning tag by Huobi. Moreover, failure of an average trading volume of $50000 in 15 consecutive days will likely let respective coins face ST warning tag.
Furthermore, the exchange has also said that they will again go in-depth scrutiny of these 32 tokens on December 26. 2018. With this, it will give yet another opportunity for these tokens to prove the worthiness and if they failed to meet the requirements, Huobi exchange will cancel the trading pairs of all such tokens.
The exchange is at present stand on the top third position with a total market cap of $675,227,831. So far in the year 2018, Huobi exchange has upsurged its total trading volume along with its position in current cryptocurrency market. In late November 2018, the exchange has also launched its derivative market platform to enable its customers to access contract trading on cryptocurrencies rising and falling prices.
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