Coincheck Axes Trading for Low-Liquidity Assets FLR and DAI

Coincheck, a Japanese cryptocurrency exchange, has announced that it will stop handling two assets on November 2nd.

The assets in question are FLR (Flare) and DAI (Dai), which Coincheck cited as having low market liquidity. As for Dai, the company also mentioned that the project's continuity had decreased, making it difficult to continue services.

The trading of Dai will be halted on October 26th at 14:00, while external transfers will stop on November 2nd. Coincheck is urging holders to sell their assets before this date or transfer them externally by November 2nd.

After discontinuing handling of these assets, Coincheck plans to sell the remaining coins in its custody and convert them into Japanese yen from November 3rd onwards.