OVEX Drops Altcoin Trading To Focus on OTC - BlockNewsAfrica

OVEX Drops Altcoin Trading To Focus on OTC

South African cryptocurrency trading company, OVEX has announced it will be delisting several altcoin markets to focus on over the counter (OTC) exchange.

ADA/BTC, BAT/BTC, BTT/BTC, CVC/BTC, EOS/BTC, LINK/BTC, OMG/BTC, REP/BTC, TRX/BTC, XMR/BTC, and XRP/BTC will no longer be supported on OVEX advanced exchange and Simple Buy/Sell, starting February 11, 2020.

Moving forward, these cryptocurrencies will be supported on the OVEX OTC exchange. with Bitcoin (BTC) and Rand (ZAR) pairs.

Our aim is to bring ultra-deep liquidity and exceptional trading experience to South Africa’s digital asset sector. These changes enable us to achieve this goal by focusing on a smaller group of assets for the time being.

The OVEX Team

Users can still deposit and withdraw all cryptocurrencies in their OVEX wallet without any difficulties.

What are your thoughts on OVEX’s move? Let us know in the comment section below.

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Kojo Owusu

Kojo Owusu has been a cryptocurrency marketer and writer for over four years. He has contributed to several bitcoin and cryptocurrency blogs and resource websites. Kojo is now an editor at BlockNewsAfrica and does ghostwriting for other bitcoin blogs.

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