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Huobi exchange delisted 33 tokens at once

Cryptocurrency exchange Huobi delisted 33 different crypto assets in one day, citing concerns about trading risks and poor trading activity.

According to the announcement,i delisted: ABT, ATP, APN, AST, DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, TALK, VALUE, WHALE, WILD and YAM.

Huobi clarified that the aforementioned tokens were withdrawn from circulation due to serious violations of the provisions of the “Huobi Token Management Rules”. In particular, for the refusal of project teams to provide regular reports, as well as the inability of trading pairs of tokens to maintain an average daily trading volume of $50,000 for 15 consecutive days.

Some of the tokens failed to pass the exchange’s regular security checks, demonstrating “serious violation of the rules and other high-risk scenarios”. The Huobi team provides generalized data and does not disclose details regarding the reasons for the delisting of specific digital assets.. Operations with tokens included in the delisting list will stop on January 16.

The other day, News1 reported that the South Korean division of the Huobi Korea cryptocurrency exchange has begun preparations for the buyback of its shares and intends to break off relations with the parent company Huobi Global.