Crypto exchange OKX announces a large-scale token delisting
Crypto exchange OKX announces a large-scale token delisting
OKX has announced the delisting of several trading pairs as part of its ongoing effort to ensure a secure and high-quality trading environment. This decision aligns with OKX’s policy to regularly review all listed pairs against performance standards and user feedback.
Based on the OKX Token Delisting / Hiding Guideline, a total of 11 pairs will be removed from the platform on October 24, 2024, between 8:00 am and 8:30 am UTC, reported on the website of the stock exchange.
The affected trading pairs are as follows: BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, and WIFI/USDC.
Key Details for Users:
- Delisting Timeline: OKX will proceed with delisting on October 24, 2024. Users holding open orders on these pairs are advised to cancel them before this date. Any remaining open orders in these pairs will be automatically canceled by the system, which may take 1-3 business days.
- Suspended Deposits and Withdrawals: As a preliminary measure, OKX has already suspended deposits for BLOCK, UTK, AST, SIS, WXT, and WIFI as of October 15, 2024, at 8:00 am UTC. Withdrawals for these tokens will remain open until January 24, 2025, after which they too will be suspended.
- Asset Management: Once the delisting process is finalized, users will be able to view their holdings in these assets under the “Untradable Assets” section in the Funding area of the OKX platform.
OKX reiterates its commitment to maintaining a secure trading environment and will continue to monitor all listed tokens, applying the delisting mechanism as needed. Users with questions regarding this update are encouraged to reach out to OKX through the support center or connect via any of OKX’s official platforms.
As part of its announcement, OKX has issued a reminder about the speculative nature of digital assets. They stress that cryptocurrency investments carry high risks due to potential volatility, liquidity challenges, and the possibility of total loss. Investors are urged to conduct thorough research and consider their risk tolerance before engaging in any trades.
This strategic delisting by OKX underscores the platform’s proactive approach to risk management and dedication to maintaining a strong trading experience, as it continues to adapt to the dynamic cryptocurrency landscape.
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