According to a Jan. 11 announcement, cryptocurrency exchange Huobi stated that it would delist 33 tokens including tickers ABT, ATP, APN, AST, DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, TALK, VALUE, WHALE, WILD and YAM. Reliable Jan. 16, the aforementioned tokens will cease trading and be delisted completely. In discussing the decision, Huobi wrote that most of the tokens broke Section 17, Rule 1, and Section 17, Rule 2, of the Huobi Token Management Rules, which mentions:

“Huobi schedules the right, based on the seriousness of the event, to hide or stop trading in accordance with the following events: 1) [Tokens] Identified with “ST” warning and not canceled within 30 days. 2) [Tokens] That do not satisfy the requirement of having $50,000 in day-to-day trading volume.”

Huobi delists 33 tokens in one day citing trading risk, low volume

Cast your vote now!According to Huobi, an “ST” warning is released for a token based upon the following series of activating events:

  1. “Project groups fail to update the quarterly report on time or fail to upgrade the semi-monthly reports for twice in succession as set up even stop working to upgrade it within 7 days after being notified to do so;”
  2. “In 15 consecutive days, none of the trading sets of the tokens has a typical everyday trading volume bigger than $50,000 or other equivalent tokens.”
  3. “It is considered needed to mark “ST” through the comprehensive examination of inquiry, regular evaluation, unique investigation or on-site examination;”
  4. “Other circumstances determined as severe infractions of the Regulations by Huobi.”

In particular, Huobi stated that HC (Hcash) was delisted since it broke Section 17, Rule 17 of the Huobi Token Management Rules. Guideline 17 suggests a “extreme violation of regulations or other high-risk scenarios.” Huobi is currently ranked 17th on the planet by overall 24-hour trading volume. Pandoraland formerly reported that doubts mounted over the exchange’s future in the middle of layoff reports.