More than 30 trading pairs that didn’t match OKX’s listing requirements were delisted, according to the cryptocurrency exchange.
Plans to delist several trading pairs that no longer satisfy OKX’s listing requirements have been made public. The action is a component of OKX’s continuous initiatives to maintain a robust user trading environment.
Impacted OKX trading pair numbers: AVAX-ETH, BAT-BTC, and HEGIC-USDT, among other well-known projects, are among the pairs that the exchange delists.
To avoid automatic cancellation by the system, which could take one to three business days to process, OKX advises traders to cancel their current orders associated with these pairs before the planned delisting dates.
The delistings will occur between September 21 and September 25.The platform banned token deposits for HEGIC and MDA as of 8:00 a.m. UTC on September 12, 2023, adding more layers to the delisting.
After the delisting, these assets will be moved to a category called “Untradable Assets.” The exchange makes a point of stressing its dedication to offering a superior trading experience.
In accordance with user feedback and its internal Token Delisting/Hiding Guidelines, it will regularly assess the effectiveness and eligibility of all listed trading pairs.
This month, OKX revealed that it would shortly apply for a VASP license to legally operate in Hong Kong and potentially draw close to 200,000 retail users annually.
Regulatory changes in the sector
This program is not exclusive to OKX. Last month, Binance Futures said it would be delisting perpetual contracts for Cardano and Polygon. Additionally, Binance recently announced the future delisting of numerous privacy currencies, including XMR, and removed PEPE from its Flexible Loan platform’s list of borrable assets.
Additionally, Coinbase is taking action to adhere to legal requirements. Following confirmation from the US Securities and Exchange Commission (SEC) about its position on stablecoins, the platform has increased the interest rate on the USDC.
