OKEx demanded that Trade.io pay $1 million to continue to be publicly listed on the platform.
Crypto Exchange OKEx has approved Trade.io’s application to de-list its TIO token from the platform. According to an announcement from OKEx, both the TIO/ETH and TIO/USDT trading pairs were removed from the platform as of 12:00 on August 24, 2018 (HKT). The announcement of the approval was originally published on August 21.
“Once the token is delisted, our system will cancel all pending orders of the TIO trading pairs, and your funds will be returned in full amount to your trading account,” the announcement reads. “However, you are strongly advised to cancel all orders of TIO trading pairs before the delisting for the better management of your funds.”
Trade.io posted a similar notice advising users to transfer their TIO tokens to their “secure smart [wallets] within the trade.io exchange.”
According to Trade.io's website, plans to de-list from HitBTC, Gate.io, TIDEX, IDEX are also underway.
OKEx Demanded that Trade.io Pay Up or Be “Hidden”
In an official announcement on its Telegram channel, Trade.io explained that it had applied for delisting because of demands that OKEx placed on Trade.io. “OKEx reached out to trade.io management and said they would re-activate deposit function of TIO, if trade.io would purchase the equivalent of USD1M in their token. We obviously declined to do so,” the announcement read.
After Trade.io declined to pay OKEx, “we were advised TIO would still be listed, but would be ‘Hidden’ on the Chart Page, with TIO deposit remaining suspended.”
“Following a post we noticed in their social media regarding some sort of delisting, we contacted them last week which they advised that TIO/BTC would indeed be delisted on 12:00 Aug 17, 2018, and TIO/ETH & TIO/USDT would remain ‘hidden’ on Charts,” the announcement concluded. “Happy to answer any questions you may have, and apologize for any inconvenience OKEx has caused you.”
In a May post entitled “Chasing fake volume: a crypto-plague,” self-described trader and investor Sylvain Ribes alleged that up to 93% of OKEx’ volume was “nonexistent.”
OKex [left] fakes its volume in a “laughingly obvious and artificial way,” he wrote. “Compare this perfectly neat and absurdly consistent sinusoidal volume with what happens on an actual exchange [on the right.]”
Crypto Exchange OKEx has approved Trade.io’s application to de-list its TIO token from the platform. According to an announcement from OKEx, both the TIO/ETH and TIO/USDT trading pairs were removed from the platform as of 12:00 on August 24, 2018 (HKT). The announcement of the approval was originally published on August 21.
“Once the token is delisted, our system will cancel all pending orders of the TIO trading pairs, and your funds will be returned in full amount to your trading account,” the announcement reads. “However, you are strongly advised to cancel all orders of TIO trading pairs before the delisting for the better management of your funds.”
Trade.io posted a similar notice advising users to transfer their TIO tokens to their “secure smart [wallets] within the trade.io exchange.”
According to Trade.io's website, plans to de-list from HitBTC, Gate.io, TIDEX, IDEX are also underway.
OKEx Demanded that Trade.io Pay Up or Be “Hidden”
In an official announcement on its Telegram channel, Trade.io explained that it had applied for delisting because of demands that OKEx placed on Trade.io. “OKEx reached out to trade.io management and said they would re-activate deposit function of TIO, if trade.io would purchase the equivalent of USD1M in their token. We obviously declined to do so,” the announcement read.
After Trade.io declined to pay OKEx, “we were advised TIO would still be listed, but would be ‘Hidden’ on the Chart Page, with TIO deposit remaining suspended.”
“Following a post we noticed in their social media regarding some sort of delisting, we contacted them last week which they advised that TIO/BTC would indeed be delisted on 12:00 Aug 17, 2018, and TIO/ETH & TIO/USDT would remain ‘hidden’ on Charts,” the announcement concluded. “Happy to answer any questions you may have, and apologize for any inconvenience OKEx has caused you.”
In a May post entitled “Chasing fake volume: a crypto-plague,” self-described trader and investor Sylvain Ribes alleged that up to 93% of OKEx’ volume was “nonexistent.”
OKex [left] fakes its volume in a “laughingly obvious and artificial way,” he wrote. “Compare this perfectly neat and absurdly consistent sinusoidal volume with what happens on an actual exchange [on the right.]”
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Kraken Announces Partnership to Enhance Crypto Offerings in German Market
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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