Huobi removed tokens rated as having a “lack of potential”, violating platform regulations, high trading risk, and low trading volume.
- According to Huobi’s announcement on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
- After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.
See Related: Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?
- Following Huobi’s announcement, the crypto market had a “bloody” week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
- The investors of this platform seem satisfied with Huobi’s actions. For them, this move is like a “purge” of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: “In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi’s blood change, focusing on quality instead of quantity”.
