OKX, a leading cryptocurrency exchange, has announced that it has delisted several altcoin pairs that do not meet the platform’s listing criteria, in an effort to maintain a strong spot trading ecosystem. Here are the details…
OKX delists some altcoin pairs
cryptocoin.com As we reported, OKX, which offers a wide variety of altcoins for trading, has shared a new announcement. He announced that several altcoin pairs will be delisted. The decision came after careful monitoring of the performance of all listed trading pairs and consideration of feedback from users and the OKX Token Delisting/Hiding Guide. Affected trading pairs include TRUE/USDT, LOON/USDT, WING/USDT, TAI/USDT, EC/USDT, RFUEL/USDT, KCASH/USDT, MCO/USDT, LDN/USDT, and APIX/USDT. The delisting is scheduled to take place on August 10, 2023 between 11:00 and 11:30 CEST. OKX advises users who have open orders on these trading pairs to cancel them before the delisting process begins.
Delisting ALERT 🔴#OKX will delist several low-liquidity Spot Trading pairs that do not fulfill our listing criteria from 8:00 am onwards on Aug 10 (UTC):
⛔ TRUE/USDT
⛔ LOON/USDT
⛔ WING/USDT
⛔ TAI/USDT& more
Details ⤵️https://t.co/64sW9Pfygi pic.twitter.com/22lu6tcCaS
— OKX (@okx) August 2, 2023
Failure to cancel these orders may result in automatic cancellation by the system. This may take 1-3 business days. After the delisting process is complete, users can find their assets in the “Assets > Funding > Delisted assets” section. As part of the delisting procedure, OKX suspended deposits of the affected tokens (TRUE, LOON, WING, TAI, EC, RFUEL, KCASH, MCO, LDN and APIX) from 11:00 CEST on 31 July 2023. Users are encouraged to immediately manage their assets to avoid any inconvenience.
Users can withdraw coins until October
In addition, OKX will suspend the withdrawal of these tokens from 10 October 2023 at 11:00 CEST. Users are encouraged to take the necessary measures to manage their assets within the given time frame. In its announcement, OKX assured its users that the delisting and hiding mechanism will be continually reviewed and implemented as necessary to ensure a healthy trading environment on the platform. The exchange says it is committed to providing a safe and efficient trading experience for all its users.
Crypto exchanges delist certain trading pairs for various reasons, all aimed at providing a healthy and stable trading environment for their users. These include factors such as low trade volume, lack of supply. It is important for users to be aware of the reasons behind delistings and to be aware of updates from the exchange in order to effectively manage their assets. In addition, users should conduct thorough research and due diligence to mitigate the potential risks associated with delisting before investing in any cryptocurrency.
