Okex Announces Delisting of Bytecoin Days After Binance Delisting
Now that all of the top cryptocurrencies are going in the red, it will be interesting to see how the altcoin markets respond. Bytecoin is not let out as the cryptocurrency is getting hammered all across the board.
OKEx has announced that it will remove Bytecoin $BCN from its exchange just days after Binance delisting. That is not completely surprising, as the cryptocurrency community has always been divided as far as this project is concerned.
Per OKEx announcement, they have monitored Bytecoin and found that the project ‘has been exposed to a critical technical issue that has been left unhandled’.
Delisting of Bytecoin (BCN)https://t.co/J6zL03n73B
— OKEx (@OKEx_) October 12, 2018
OKEx will delist all $BCN pairs at 11AM UTC on October 12. All users should cancel their Bytecoin orders. If BCN orders are not canceled in time, ‘the order will be canceled by the system and your asset will be credited to your trading account.’
Customers with $BCN tokens on the OKEx exchange should withdraw before November 1. After that date, OKEx will not support withdrawals anymore.
These are not fun times to be a Bytecoin holder, by the look of things. An ongoing battering across the market has become apparent over the past few hours. Binance delisted Bytecoin (BCN) which resulted in the crypto crashing and witnessing a massive drop in its prices to a low of $0.001696. Before its delist it was traded at $0,0022.
Although steep downtrends are nothing new in this volatile industry, it seems a lot of people are panicking to sell their BCN before they lose access to one of the biggest liquidity sources.
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