In an email sent earlier today, CEX.IO announced that they will be delisting the QASH cryptocurrency. The email reads:
We will be delisting QASH from CEX.IO and are notifying you in advance so you can plan your trading activities.
On May 8, 2019, we will disable QASH deposits. You will still have 30 days from today to trade or exchange your remaining tokens.
On June 6, 2019, the QASH/BTC and QASH/ETH pairs will be delisted.
Starting June 7, 2019, a storage fee of 10 QASH per day will be deducted until your QASH balance reaches zero or you withdraw your remaining funds.
Although we are delisting QASH from our platform, we continue working to add new trading options.
Thank you for your trust!
The delisting of QASH from CEX.IO comes most likely due to the low trading volume that the cryptocurrency is experiencing on the exchange. At the time of writing the 24 hour trading volume for QASH was only $734 on CEX.IO.
What Is QASH?
If you aren’t familiar with QASH, it’s the native cryptocurrency for the LIQUID project, whose goal it is to bring more liquidity to the cryptocurrency economy. According to The Merkle Hash: “The QASH token will allegedly rival Bitcoin and Ethereum in the future, as it is expected that QASH will be adopted by financial institutions and fintech startups as a method of payment.”
What Is CEX.IO?
CEX.IO is a London based cryptocurrency exchange launched in 2013. It offers the trading of cryptocurrency for fiat such as USD, EUR, RUB and much more. CEX.IO also offer crypto to crypto trading pairs like any traditional altcoin exchange. At the time of writing, CEX.IO is ranked as the number 112th exchange based on trading volume according to CoinMarketCap.