Keeping up with the rapidly evolving world of digital assets requires staying informed about the latest exchange listings, token migrations, and policy updates from major trading platforms. This daily digest consolidates the most significant announcements to provide a clear overview of market movements and essential user actions.
Major Exchange Listings and New Trading Pairs
Several prominent exchanges announced the addition of new digital assets this week, expanding the available options for traders.
Binance Lists Republic Protocol (REN)
Binance, a leading global cryptocurrency exchange, announced the listing of Republic Protocol (REN). Trading for the REN/BTC and REN/BNB pairs commenced on December 6th, 2018, at 18:00 UTC+8, providing users with new avenues for trading and investment.
FCoin Adds Shipping Exchange Token (SE)
The community-centric exchange FCoin revealed that the Shipping Exchange token (SE) would be listed for trading. Starting December 9th, 2018, at 20:00 GMT+8, users could trade SE against ETH and USDT, further diversifying the exchange's trading portfolio.
Important Notices on Account Liquidation and Token Management
Exchanges often issue critical notices regarding asset management, especially following significant network events like hard forks.
ZB.com's BCH Lending Liquidation Deadline
Following the Bitcoin Cash (BCH) hard fork, ZB.com distributed both BCHABC and BCHSV to users based on a snapshot taken at the time of the fork. The platform began清算 (liquidation) procedures on November 22nd for accounts with outstanding debts related to BCH抵押借贷 (collateralized loans) and BCH杠杆借贷 (leveraged loans). While most users have complied, a final deadline for voluntary清算 was set for December 10th, 2018, at 12:00 Beijing Time. Accounts not settled by this deadline were subject to强制清算 (forced liquidation). Users were advised to ensure their accounts were funded with the correct repayment amounts and to keep their associated phone lines open for potential contact from customer support.
BITBOX Removes select ETH Trading Pairs
BITBOX, the cryptocurrency exchange operated by Japanese social media giant LINE, announced the removal of 15 underperforming ETH trading pairs on December 10th, 2018. The delisting decision was based on the tokens' failure to meet the exchange's performance and credibility standards over a consistent five-month period. It is important to note that the delisting only affected these specific ETH markets; the tokens themselves remained available for trading against Bitcoin (BTC) on the platform.
Service Expansions and Platform Updates
Exchanges frequently update their supported services and geographical availability to cater to a growing user base.
Bittrex Expands USD Trading Services
U.S.-based exchange Bittrex significantly expanded access to its U.S. dollar (USD) markets. The platform updated its list of supported states, allowing residents from 34 states to deposit, trade, and withdraw USD directly. For users in unsupported states like Hawaii, trading remained available exclusively on USDT, BTC, and ETH markets.
KuCoin Completes sUSD (SUSD) Rebranding
KuCoin successfully completed the rebranding of NUSD to sUSD (SUSD). Following this technical update, the exchange fully reopened all services for the token, including deposits, withdrawals, and trading, ensuring a seamless transition for its users.
New Listings: AST, BNT, and DASH
Other exchanges also announced support for new assets, including some of the earliest Security Token Offerings (STOs).
IDCM Lists STO Tokens AST and BNT
The IDCM International Exchange Alliance listed two notable STO-type tokens. Both tokens saw their deposit and withdrawal services open on December 6th, 2018, followed by trading:
- AST: AST/BTC and AST/ETH trading began on December 7th at 14:00 Hong Kong Time.
- BNT: BNT/ETH, BNT/USDT, and BNT/BTC trading began earlier on the same day at 10:00 Hong Kong Time.
IDAX Supports DASH Trading
IDAX exchange announced full support for Dash (DASH). The platform opened deposits and withdrawals for DASH on December 6th at 12:00 UTC+8. Trading for the DASH/BTC pair commenced the following day, December 7th, at 10:00 UTC+8.
DigiFinex Enables Trading for Forked Assets
DigiFinex completed the distribution of BCHABC and BCHSV to users based on a snapshot from November 15th. After assessing the network stability of both new chains, the exchange enabled deposits, withdrawals, and trading for both assets on December 7th, 2018, at 10:00 GMT+8. The available trading pairs were BCHABC/BTC, BCHABC/USDT, BCHSV/BTC, and BCHSV/USDT. For those navigating these complex events, it's crucial to understand the latest fork procedures and asset handling.
Frequently Asked Questions
What does forced liquidation mean on a crypto exchange?
Forced liquidation occurs when an exchange automatically closes a user's leveraged position or collateralized loan because the account has not met margin requirements or failed to repay debt by a specified deadline. This is done to manage the exchange's risk and often happens at a less favorable price for the user.
Why would an exchange delist a trading pair?
Exchanges typically delist trading pairs due to poor trading volume, low liquidity, or concerns about the project's long-term viability and compliance with the platform's listing standards. Delisting a specific pair does not always mean the token is removed entirely from the exchange.
What is the difference between a hard fork and an airdrop?
A hard fork is a permanent divergence in a blockchain's history, often creating two separate assets. An airdrop is a distribution of free tokens to existing holders of a particular cryptocurrency, usually to promote a new project. Forked assets are often distributed to holders via a process similar to an airdrop.
How can I stay updated on important exchange announcements?
The best way to stay informed is to regularly check the official announcements page or blog of the exchanges you use. Subscribing to their official social media channels or newsletters can also provide timely updates on new listings, maintenance, and critical policy changes.
What should I do if my exchange announces a mandatory action, like a liquidation?
If you receive such a notice, read it carefully to understand the deadline and required actions. Ensure your account is funded appropriately to meet any obligations and that your contact information is up to date. If you are unsure, contact the exchange's customer support directly for clarification. To stay ahead of critical market updates and platform changes, proactive monitoring is key.
Are USD trading services available to all U.S. residents?
No, the availability of USD trading, deposits, and withdrawals on U.S.-based exchanges varies by state due to differing state-level regulations. Some states, like New York, have particularly strict licensing requirements, while others, like Hawaii, may have restrictive policies that prevent exchanges from offering full USD services.