Cobinhood Plans Series of Delistings due to Low Volumes By Cryptovest

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Cobinhood Plans Series of Delistings due to Low Volumes

Published Dec 19, 2018 05:34AM ET Updated Dec 19, 2018 06:41AM ET

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Cobinhood Plans Series of Delistings due to Low Volumes

Cobinhood, a niche exchange that currently has 125 tokens and coins listed, 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...

This article appeared first on Cryptovest

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Cobinhood Plans Series of Delistings due to Low Volumes

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