For Lack of Trading Volume
Cryptocurrency exchange Coinone has delisted a total of four cryptocurrencies since October last year, including the three delisted during the past one month. Those are Augur, Contents Protocol, Engine and Cosmo Coin.
“We have decided to stop supporting the trading of the cryptocurrencies subject to warnings and investors need to finish withdrawal as soon as possible,” Coinone explained, adding that their common delisting reasons are the lack of trading continuity and the lack of minimum trading volume that may lead to manipulation risks.
At present, Kyber, Lambda and Streamr are also subject to warnings in the cryptocurrency exchange. These cryptocurrencies have been designated as delisting candidates for the same reasons. Especially, Lambda has been designated in the fourth month of listing on the cryptocurrency exchange.
Still, it is also pointed out that the delisting criteria of Coinone are not persuasive. “Even the same coin has different trading volumes in different exchanges,” said an industry expert, adding, “Coinone’s criteria based solely on the trading volume in itself can be misleading for investors.”