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Cryptocurrency exchange OKX said it will delist over 30 trading pairs tied to Bitcoin and Ethereum in order to “optimize liquidity.”
International cryptocurrency exchange OKX is winding down support for over 30 trading pairs tied to Bitcoin (BTC) and Ethereum (ETH) after conducting “comprehensive market monitoring.”
In a July 30 blog announcement, the crypto trading platform said that 38 trading pairs will be delisted gradually, with the first batch to be removed starting on Jul. 25.
The delisting process will proceed as follows:
- LTC/ETH, MATIC/BTC, ADA/ETH, FIL/ETH, LINK/ETH, OKB/ETH, HBAR/BTC, EOS/ETH, QTUM/BTC, GRT/BTC (on Jul. 25).
- ATOM/ETH, XCH/BTC, MKR/BTC, NEO/BTC, OKT/ETH, OKT/BTC, XRP/ETH, SHIB/BTC, DOGE/ETH, TRX/ETH (on Jul. 26).
- ADA/BTC, FIL/BTC, NEAR/BTC, LINK/BTC, DOT/BTC, UNI/BTC, ETC/BTC, ATOM/BTC, EOS/BTC (on Aug. 1).
- AVAX/BTC, CRV/BTC, TRX/BTC, CHZ/BTC, AAVE/BTC, XLM/BTC, CRO/BTC, XRP/BTC, DOGE/BTC (on Aug. 2).
OKX has advised users with active orders in these pairs to cancel them before the specified delisting times. The platform will automatically cancel any remaining orders after the deadline, a process that may take up to three business days.
The decision to delist these pairs follows closely on the heels of OKX’s withdrawal of its Virtual Asset Service Provider (VASP) license application from Hong Kong two months ago, a move that wasn’t elaborated upon by the company. Additionally, in mid-July, OKX ceased operations in Nigeria, citing changes in local regulations.
Addressing the latest move, OKX emphasized that it will continue to monitor and enforce its trading pair listings in accordance with its “Rules on Hiding Tokens and Delisting Trading Pairs.”
This article first appeared at crypto.news
