US crypto exchange OKCoin announced that the cities of Miami and New York City are suspending trading for cryptocurrencies that have come up with big promises.
In a recent announcement from OKCoin, lack of liquidity citing reasons MiamiCoin (MIA) And NYCCoin (NYC) trade March 16 declared it suspended. On the other hand, unexpected If the low liquidity problem is resolved, the buying and selling transactions of the assets will be reactivated. highlighted.
According to the statement, during this process, there will be no disruptions in the withdrawal of these two tokens from the platform:
The limited liquidity of these tokens on our platform created the possibility of price manipulation and fraudulent activity. While none of these risks materialized, we wanted to prevent any potential abuse.
CityCoins developed by MiamiCoin And NYCCoinwas a project that allowed citizens to generate crypto-based income for themselves and the cities they live in, and was only traded by OKCoin. Especially MiamiCoin, Mayor Francisco Suarez introduced and supported by But in time The public’s interest in this project has decreased..