[Xangle Insight] Cosmochain to be Delisted from Coinone Exchange due to Lack of Trade Volume
- 90% of trade volume at Upbit (7% at Coinone)
- Cosmochain now preparing for new listings
- Company announced a profit Q2 last year
https://xangle.io/project/home/COSM/dashboard?link=JiHFIq
[Jan 20, 2020] According to Xangle’s on-chain data, Coinone is responsible for 7% of Cosmochain’s total trade volume, worth around $11K USD at the time of the announcement. Upbit’s trade volume of $147K USD represents 90% of the total trade volume of Cosmochain’s tokens.
Coinone issued a warning about Cosmochain on 29th of November last year, citing lack of trade volume as a risk to investors. Coinone gives projects 2+ weeks to turn things around, and today’s announcement comes following a lack of improvement.
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