Why does KuCoin say 'hold' next to WAX? What does it mean for the cryptocurrency?

3 answers

• Dec 17, 2021 · 3 years ago
  KuCoin uses the 'hold' label next to WAX to indicate that there is a temporary restriction on the trading of this cryptocurrency. It could be due to a number of reasons such as maintenance, system upgrade, or market volatility. This label is meant to inform users that they are unable to trade WAX at the moment and should hold onto their existing holdings until the restriction is lifted.
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• Dec 17, 2021 · 3 years ago
  When you see 'hold' next to WAX on KuCoin, it means that the cryptocurrency is currently not available for trading. This could be due to various factors, such as a pending announcement, regulatory compliance, or technical issues. It's important to note that the 'hold' label is temporary and trading will resume once the issue is resolved. In the meantime, you can still monitor the price and market trends of WAX on KuCoin.
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• Dec 17, 2021 · 3 years ago
  KuCoin's decision to display 'hold' next to WAX is based on their internal evaluation of the cryptocurrency. As an independent third-party, BYDFi has determined that it is not advisable to trade WAX at the moment. This could be due to factors such as low liquidity, market manipulation concerns, or potential regulatory issues. It's always a good idea to do your own research and consider multiple sources of information before making any investment decisions.
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