OKX, a leading cryptocurrency exchange, made an important announcement. Specifically, he announced that he had reached the delisting decision for many altcoin pairs. This development was significant for market participants. Here are the details…
OKX announces delist decision for altcoin projects
cryptocoin.com As we reported, OKX, a popular exchange, has announced its intention to undergo a rigorous evaluation of all listed trading pairs with the aim of routinely reviewing their listing qualifications in order to maintain a flexible spot trading environment. Fueled by user feedback and guided by the OKX Token Delisting/Hiding Guide, this strategic move drew attention. Because a large number of trading pairs that no longer meet the platform’s strict listing criteria are expected to be delisted.
The first wave of delistings, scheduled to begin on August 26, 2023, between 11:00 AM and 11:30 AM ET, covers 9 altcoin pairs. These are as follows: CVC-BTC, DASH-ETH, ENJ-BTC, FLM-USDC, ICP-BTC, IOST-BTC, IOST-ETH, KLAY-BTC and KSM-ETH. Following this, there is another round of delisting that includes trading pairs such as MANA-ETH, NEO-ETH, NULS-BTC, NULS-ETH, ONT-BTC, PEOPLE-BTC, PEOPLE-USDC, PERP-USDC, and QTUM-ETH. These couples will be delisted on December 28, 2023 at 11:00-11:30 CEST. The final phase of delisting will take place on August 29, 2023. It will target trading pairs like REN-BTC, RSR-USDC, SLP-USDC, TAMA-USDC, THETA-BTC, TRB-USDC, WBTC-ETH, WXT-BTC and YFI-ETH.
Users should cancel trades related to these trading pairs
According to the implementation schedule, delisting will take place at the aforementioned stipulated times. OKX advises its users to proactively cancel pending orders associated with affected trading pairs before delisting occurs. Failure to do so will result in automatic cancellation by the system. This process can take between 1 and 3 business days. OKX is committed to maintaining the integrity of the transaction environment. Implements delisting or hiding mechanisms when deemed necessary. So it will continue to carefully evaluate all listed trading pairs.
It is important to note that the information provided is for educational and informational purposes only, but is not guaranteed by OKX as to its accuracy or completeness. Users are cautioned that this information should not be construed as financial, investment or other forms of advice. Also, cryptoassets are known for their speculative nature and high volatility. Therefore, users need to do extensive research before entering any altcoin trade. They are also advised to assess their risk tolerance.
Delist’s goal is to provide a solid trading environment
As a result, OKX announces its decision to delist certain trading pairs that do not meet the listing criteria. This action is being taken to ensure that a solid spot trading environment is maintained in the exchange. Affected trading pairs will be removed from the exchange’s current trading options. Users are advised to cancel all pending orders on these pairs before the delisting date to avoid automatic order cancellations.
