The cryptocurrency exchange OKX has unveiled its plan to delist 26 trading pairs by November 10. This proactive move aims to ensure the safety and integrity of its trading platform.
First Batch of Delistings – November 9
The delisting process is set to commence in two batches, with the first batch scheduled for November 9. This initial wave of delistings will affect trading pairs such as CELO-USDC and AXS-USDC, among others.
Second Batch of Delistings – November 10. On November 10, OKX will proceed with the second batch of delistings, which will include trading pairs like HNT-USDT, BTM-USDT, and PICKLE-USDT, among others.
OKX strongly advises its users to proactively cancel any orders related to the affected trading pairs before the specified delisting dates. Any orders that are still active at the time of delisting will undergo an automatic cancellation process, which may require 1-3 working days to complete.
Suspension of Deposits
OKX has suspended deposits for tokens such as HNT, BTM, PICKLE, and others since November 3, 2023. Following the delisting, users will be able to locate these assets in the “Untradable assets” section of their accounts.
OKX’s decision to delist these trading pairs underscores its unwavering commitment to upholding a secure and reliable trading environment amid the constantly evolving cryptocurrency market.
OKX Delisting: Navigating Cryptocurrency Market Shifts and Regulatory Compliance
OKX, a prominent cryptocurrency exchange, made headlines with the delisting of specific tokens, citing regulatory compliance as the primary cause. This move affected trading availability for numerous digital assets, including privacy-focused coins like Monero and Zcash.
Moreover, OKX’s decision to remove these tokens aimed to align with evolving regulatory standards, emphasizing transparency and compliance. Delisting stirred discussions within the crypto community, raising concerns about the implications for decentralization and user freedom in the crypto space.
Furthermore, the action also prompted investors to reevaluate their portfolios, emphasizing the dynamic nature of the cryptocurrency market and the impact of regulatory changes on exchange policies and token accessibility.
Read More:
Aave Implements Security Measures in Response to Reported Attack Vector
U.S. Legislator Suggests Reducing SEC Chair Gary Gensler’s Salary to Just $1