Cobinhood Plans Series of Delistings due to Low Volumes
Cryptovest
Published Dec 19, 2018 05:34AM ET
Updated Dec 19, 2018 06:41AM ET
Cobinhood Plans Series of Delistings due to Low Volumes
will be cleaning up its roster in the next few days, the chief reasons being low liquidity and unpredictable trading. Cobinhood follows the lead of other markets that delist underperforming assets.
As the bear mood endured over the past year, once hot projects saw their trading volumes dwindle to a fraction of previous activity. Some of the assets listed are traded on larger, more liquid exchanges, but their volumes on Cobinhood reach only a few hundred dollars per day. The exchange sees trading of around $3 million, mostly for the leading coins, while other assets generate low activity.
One of the tokens to be delisted on December 21 is Basi...
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