Huobi to delist 33 tokens in January

The delisting of assets from the trading platform will take place on January 16 at 08:00 UTC

11.01.2023 - 12:45

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What’s new? Cryptocurrency exchange Huobi has announced the delisting of 33 assets at once: 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. The main reason stated in the exchange’s blog post is to promote the healthy development of the blockchain ecosystem.

Post on the exchange’s blog

What else is known? All of the abovementioned tokens will be removed from the trading platform on January 16, at 08:00 UTC. The exchange has warned that deposits will be disabled after that date, but withdrawals will remain available. Token holders need to cancel all open orders in a timely manner, as after delisting, any open order will be automatically canceled and the corresponding amount of tokens will be credited to users’ spot accounts.

In early January, TRON blockchain CEO and Huobi owner Justin Sun denied rumors that the platform was insolvent, adding that the company does not succumb to short-term distractions and rumors.

Huobi is a centralized exchange (CEX), founded in 2013 in Beijing. Currently based in Seychelles, it also has offices in Hong Kong, South Korea, Japan, and the United States. As of January 11, the platform hosts 627 cryptocurrencies and 889 trading pairs. The daily trading volume is $355 million. The native token HT is used to receive fee discounts, as well as additional rewards and bonuses. The asset is trading at $4,86, down by 0,1% in 24 hours. HT has a market capitalization of $790 million.

In December 2022, Huobi delisted 14 assets at once: BAGS, BTG, CMT, DAC, EGT, GNX, IIC, LYM, MASS, MDS, PAY, RCN, SKM, and STN. The exchange’s representatives did not disclose the reasons for the removal of the coins. Earlier, the Binance crypto exchange also announced the removal of eight trading pairs. These are spot pairs ANC/BNB, ANC/BTC, ANC/USDT, MIR/BTC, MIR/USDT, TORN/BTC, TORN/USDT, and YFII/BTC. The reasons for the delisting were also not given.

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