OKX, one of the biggest cryptocurrency exchanges, revealed that it would be delisting many trading pairs simultaneously.
OKX will delist stablecoin USD Coin (USDC), Tether (USDT), and Bitcoin (BTC) trading pairings with several well-known cryptocurrencies that prioritise privacy, such as Monero (XMR) and Dash (DASH), per the announcement made on December 29. The dates of the delisting are set on January 4 and 5, 2024.
It’s unclear why this decision was made specifically. Representatives of the platform said the following:
“To maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications regularly.”
According to the exchange, orders for these pairs should be canceled before they are delisted; if not, they will be automatically canceled in 1-3 business days.
On December 27, the deal stopped depositing in a few different currencies, such as DASH and XMR. The date of suspension for withdrawals is March 5, 2024.
The CEO of OKX previously provided a list of the five fundamental values that govern the organization when it selects cryptocurrencies for listing. As the CEO of OKX pointed out, the team’s work resulted in the development of five fundamental guidelines for choosing which tokens to list on the exchange.
Furthermore, according to the CEO, the business uses specific standards to choose which coins to list for spot and futures trading. The platform works to build infrastructure and introduce technology while upholding the values of transparency.
