OKX, one of the largest cryptocurrency exchanges, announced that it has delisted multiple trading pairs at the same time.
Trading pairs for OKX, USD Coin (USDC), Tether (USDT), and Bitcoin (BTC), as well as major privacy-focused cryptocurrencies such as Monero (XMR) and Dash (DASH), will be delisted, according to the announcement made on December 29. . The delisting will take place on January 4 and 5, 2024.
The exact reason for this decision is unknown. A platform representative said:
“To maintain a strong spot trading environment, we continually monitor the performance of all listed trading pairs and regularly review their listing qualifications.”
OKX announcement
The exchange recommends canceling orders before delisting these pairs. Otherwise, it will be automatically canceled within 1-3 business days. The exchange also suspended deposits in some currencies such as XMR and DASH on December 27. Withdrawals will end on March 5, 2024.
Previously, OKX CEO listed five key principles that will guide him when choosing cryptocurrencies to list. As OKX CEO explains, during the study process, the team developed five guiding principles for selecting tokens to be placed on the exchange. Additionally, the CEO stated that the company has certain criteria when selecting coins for spot and futures trading. The platform strives to develop its infrastructure and implement technology by adhering to the principle of transparency in its work.
