OKX has added Shiba Inu’s BONE, EIGEN, and TURBO to USDC and intends to delist several more tokens on October 24, 2024.
OKX crypto exchange has announced a new lineup of trading pairs, which now includes Shiba Inu’s BONE, EIGEN, and TURBO tokens.
These tokens will be available for trading against USDC, a stablecoin pegged to the US dollar.
The announcement aligns with OKX’s efforts to expand user options within the USDC ecosystem.
Other tokens, such as OMI, FLM, ID, JOE, BORING, SWFTC, and PENDLE, are also part of this update, set to be implemented between 9:00 and 10:00 GMT on October 17, 2024.
Shiba Inu’s BONE and TURBO Listed as OKX Delists Block, UTK, and More
OKX will introduce new USDC spot trading pairs on October 17, 2024, enhancing trading flexibility and giving traders more options.
The addition of BONE from Shiba Inu, along with TURBO and EIGEN, reflects the exchange’s push to diversify with trending altcoins.
While adding these new trading pairs, OKX will also remove several underperforming tokens such as BLOCK, UTK, AST, SIS, WXT, and WIFI.
The delisting will take place on October 24, 2024, between 08:00 and 08:30 UTC.
The exchange aims to enhance its trading environment by streamlining offerings based on user feedback.
The tokens being removed include BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, and WIFI/USDC.
Adjustments in Futures Contracts
OKX will also adjust the minimum order quantities and step sizes for its futures contracts as part of its ongoing effort to optimize trading conditions.
These changes will be implemented between 6:00 and 8:00 am UTC on October 22, 2024.
Adjustments will affect perpetual and expiry futures to reduce costs and improve order placement efficiency.
For example, the minimum order quantity for the TURBO/USDT pair will change from 1 contract (10,000 coins) to 0.1 contract (1,000 coins), providing traders with more control over their strategies.
Additionally, traders will need to adapt their strategies and stay informed about updated trading rules and pairs.
OKX has provided guidelines on canceling orders and managing assets for those affected by the delistings.
These updates follow OKX’s expansion in the UAE, where the platform offers derivatives trading to qualified investors.
Following the listing, Shiba Inu’s BONE is priced at $0.41, marking a 1.59% increase over the last seven days. Its trading volume reached $4.8 million in the past 24 hours, signaling increased investor interest.
