2022-08-05 02:12:43
Dear Concealers,
We have been in talks with the team at Bitmart regarding our trading pair on their exchange platform.
They have some new requirements for maintaining the trading pair on their platform and due to low volume and general lack of use they are considering to delist CCX from Bitmart.
We want to update you all on the requirements they presented to us in order to maintain this listing on their platform.
① The spread shall be smaller than 2%.
② There are more than 30 orders on either side of the order book.
③ Within ±2% price range of the last price, there needs to be more than 3,000 USDT worth of orders on either side of the order book.
④ Within ±5% price range of the last price, there needs to be more than 8,000 USDT worth of orders on either side of the order book.
⑤ Within ±10% price range of the last price, there needs to be more than 20,000 USDT worth of orders on either side of the order book.
⑥ There should be at least 1 trade every hour.
⑦ The average daily trading volume shall be more than 100,000 USDT.
Unfortunately these requirements are far too high for us to maintain via a Market Making account as it would cost us the majority of our project funds in monthly fees alone.
And so, those of you who wish to continue trading on this exchange may do so, but be advised that if the requirements are not met the pair will be taken down in time. For those of you who no longer wish to trade on Bitmart, we would advise withdrawing all of your CCX as soon as possible in order to avoid any possible loss of funds.
Thank you all for your understanding.
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