Huobi will remove 16 tokens on December 23

Representatives of the major cryptocurrency exchange Huobi announced in a recent press release that the delisting of 16 cryptocurrency tokens was completed on the site. According to top management, this decision was made in order to promote the development of a healthy Huobi blockchain ecosystem.

Starting from December 23 at 08:00 UTC +0, the coins will become unavailable for customers and work with tokens will be completed. The list of removed tokens will include BHD, CNNS, CHAT, COL, FAIR, GTC, HOT, HPT, LET, MTN, MONFTER, RIFI, TOPC, UGAS, XMX, and YCC.

The situation with the delisting of 16 tokens was commented on by the well-known cryptocurrency expert and journalist Colin Wu. According to him, it is especially interesting to observe the situation with the removal of the HPT token, which was launched using the Huobi Mining Pool service. In other words, a coin that was launched by a project from Huobi and is being closed by representatives of this cryptocurrency exchange.

According to the press release, the exception is due to a violation of the rules for placing tokens on the exchange. Medicalchain (MTN), GAME.COM (GTC), Ultrain (UGAS), Fair.Game (FAIR) and Monfter (MONFTER) do not comply with the rules of article 17 of points 1 (The ST warning sign has not been removed within 30 days) and 2 (The average daily trading turnover of the project team's tokens over the past 30 days is below $50,000).

The second point is also violated by such tokens as BeeChat (CHAT), Topchain (TOPC), Neural System Crypto Neo-value (CNNS), Huobi Pool Token (HPT) BitcoinHD (BHD), LinkEye (LET), Rikkei Finance (RIFI) and Clash of Lilliput (COL) as their average daily trading volume for the last month is below the $50,000 mark.

Hydro Protocol (HOT), Yuan Chain (YCC) and XMAX (XMX) will be removed due to violation of article 17 clause 17. It states that according to Huobi, the above projects expose their investors to too much risk.

Since the announcement of the delisting, making a deposit in all tokens that were removed from the site has been stopped. However, customers can withdraw funds from there.

The Huobi administration recommends that its clients close all existing orders for tokens that have been removed from the exchange. Otherwise, they will be canceled automatically after the exclusion of assets from the list of available coins on the accounts of clients of the cryptocurrency platform.