OKX, a Seychelles-based crypto exchange that allows trading of various cryptocurrencies, announced that 8 altcoin projects de-list USDC parity and 2 altcoin projects BTC parity. The crypto exchange stated that it has de-listed the altcoins it has determined as a result of its investigations that it does not meet the listing qualifications.
OKX has removed 10 altcoin trading pairs from the list!
In making its de-list announcement, the cryptocurrency exchange noted that it constantly monitors the performance of all listed projects and regularly reviews their listing qualifications to maintain a solid spot trading environment. He also stressed that he takes into account the feedback from users. Accordingly, OKX stated that it has taken into account the Token Delisting / Hiding Guidelines. Accordingly, it announced that it has decided to delist 10 altcoin projects that do not meet the listing criteria. Among the altcoin / USDC and BTC pairs that OKX has delisted are the following:
CEEK/USDC, DEP/USDC, GARI/USDC, GEAR/USDC, GODS/USDC, KISHU/USDC, NYM/USDC, SWFTC/USDC, SNT/BTC and TRUE/BTC.
Delisting ALERT 🔴#OKX will delist several spot pairs that do not fulfill our listing criteria from 8:00 am on Apr 28:
⛔ CEEK/USDC
⛔ DEP/USDC
⛔ GARI/USDC
⛔ GEAR/USDC
⛔ GODS/USDC
⛔ KISHU/USDC& more ⤵️https://t.co/oKlxzicSjh pic.twitter.com/NdHgcklJKR
— OKX (@okx) April 24, 2023
OKX noted that as the execution time, it will delist the aforementioned altcoin projects at 8:00 – 8:30 UTC on April 28, 2023. Therefore, it advised users to cancel orders for these pairs before removing them from the list. He also stated that if orders are not canceled on time, they will be automatically canceled by the system. The cryptocurrency exchange estimates that this procedure will likely take 1-3 business days.
Meanwhile, OKX reminded that while making the aforementioned announcement, it will continue to monitor all listed projects and implement the unlist/hide mechanism when necessary.
One OKX Review: Cryptos, Derivatives, Staking and Lending
OKX is an innovative cryptocurrency exchange that facilitates the trading of cryptocurrencies. However, it is not currently available for US residents. Instead, US residents have access to its sister exchange, OKCoin. However, this exchange platform does not provide many coins or features to its users.
OKX offers advanced financial services as well as suitable starters for anyone new to crypto. It has an impressive list of services that include flexible borrowing and ways to earn interest from staked tokens. OKX offers simple and complex trading tools. In line with this, it provides a ramp for PoW crypto mining and DeFi liquidity mining, if you’re interested.
Meanwhile, cryptocoin.comAs readers will know, OKX’s Jumpstart Mining initiative allows you to collect DeFi tokens while supporting projects of your choice by staking OKX’s ecosystem token, OKB.
