Huobi Global, one of the world-famous cryptocurrency exchanges, has decided to delist 14 altcoins in total. The second delist news of the day gives clues about the upcoming regulations.
Huobi Global increases the number of altcoins it has delisted to 14
As Kriptokoin.com, we reported that Huobi Global delisted 7 privacy-oriented cryptocurrencies during the day. In a second announcement, the exchange announced that it has removed 7 more altcoins from its list. Meanwhile, Huobi Global’s official website writes about the privacy altcoins’ delist decision:
Huobi Global strictly abides by the compliance policies of each country and region and always strives to protect the assets of our users.
The Singapore-based cryptocurrency exchange is keeping up with governments’ privacy-focused bans like ZEC and XMR, especially as it adheres to all local and regional compliance regulations. The cryptocurrencies in the first delist announcement are as follows:
- Zcash (ZEC)
- Dash (DASH)
- Monero (XMR)
- Verge (XVG)
- Horizon (ZEN)
- Decred (DCR)
- FIRO
Second delist decision
Huobi Global later announced in a second announcement that it has also delisted the following cryptocurrencies:
- AE (Aeternity)
- AIDOC (AIDOC)
- BUT (BitUP)
- MEX (MEX)
- PNT(Penta)
- TOS (Things Opreating System)
- UC (YouLive Coin)
In the second announcement, as the reason for the delist decision; It is stated that it is to support the healthy development of the blockchain ecosystem.
Listing news of the day
Sweat Economy (SWEAT)
In other news, Sweat Economy starts trading on FTX on September 13. The announcement came from Sweat Economy’s Twitter account today. The altcoin will also be listed on exchanges like Bitfinex and OKX on the same date. Operations begin at 11:30 tomorrow morning. You can find more details about my listing in the tweet below.
Upcoming listing on FTX: Sweat Economy $SWEAT spot market!
Live on September 13, 2022 at 8:30am (UTC)@SweatEconomy
Listing details: https://t.co/3VXfNpbkYI pic.twitter.com/VAS8zsoLMU— FTX (@FTX_Official) September 12, 2022
Pangolin (PNG)
Pangolin is an Avalanche-based multi-chain DEX platform. According to a recent announcement, Coinbase is now planning to list the PNG token. However, while this isn’t news to a definitive list, it does mean that Coinbase has been added to its roadmap.
Assets added to the roadmap today: Pangolin (PNG) https://t.co/zu1IBdrD7X
— Coinbase Assets (@CoinbaseAssets) September 12, 2022
Meanwhile, PNG is the platform’s local government token that allows the community to fully drive the development of the product. The PNG token is an incentive specifically for depositors who accumulate and earn fees through Pangolin payment activities.
Pangolin, on the other hand, is building on Avalanche instead of Ethereum. The issue of excessive transaction fees has been addressed using a new structure with various token standards. Although based on the Pangolin Avalanche platform, the exchange is still compatible with Ethereum assets and instruments. Pangolin allows customers to trade at high speeds while paying cheap transaction costs comparable to CEX. Finally, another feature that sets Pangolin apart from its competitors in this industry is Fair Launch, where the project decides all PNGs for the community through airdrop or mining operations.
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