Author: Jagdish Kumar, India
India’s leading cryptocurrency exchange, Zebpay has announced that it has delisted VeChain coin from its exchange from 25 August 2018.
The exchange did not provide any reason for this decision, but informed the users that it is delisting VeChain.
In its blog on 20 August 2018, Zebpay said, “Withdraw your VeChain tokens out of Zebpay account to other exchange or personal wallet before 25th August. Secure your VeChain tokens NOW.”
“Zebpay regrets to inform all our valued traders that we are delisting VeChain token and discontinuing VeChain trading and transfer transactions on Zebpay exchange,” the exchange said in its blog on 8 August 2018.
VeChain coin is currently ranking at 19th according to Coinmarketcap.com with a market cap of over $841 milion.
On 22 May 2018, the coin was listed on the exchange and after just three month, the exchange has decided to delist it.
Hovering at a price of $ 0.015 per coin, it is a Blockchain-as-a-Service company that uses Blockchain-based smart contract platform focusing on business applications that are related to inventory perplexity broadly termed under appropriate tracking.
VeChain network that currently runs on Ethereum Blockchain and will be used as smart payment currency to run business activities on the Blockchain after their Mainnet is launched, Zebpay blog said while listing it on the exchange.
After the exclusion, Zebpay will offer its clients trading with 19 crypto coins, including BTC, ETH, LTC, XRP and EOS, in over 35 pairs.
Many users commenting on the social media said that the exchange needs to take user into confidence, before announcing the delisting.
Image credit: vechaininsider.com