Coinspeaker
OKX to Delist Some BTC, ETH, and XRP Trading Pairs
Top cryptocurrency exchange OKX has made the tough decision of delisting a few trading pairs. With most of these exchanges, it is routine to constantly monitor the performance of all listed trading pairs and review their listing qualifications on a regular basis. Upon completing the recent review, OKX decided against continuing with some Bitcoin (BTC), Ethereum (ETH), and XRP trading pairs.
OKX Aligns with Its Delisting Guidelines
A significant part of the review has to do with getting feedback from the crypto exchange’s users. Additionally, these trading pairs no longer meet up with OKX listing criteria based on the exchange’s delisting guidelines. The delisting process will be gradual, taking place at different times within the period of about one week.
The first batch, which includes pairs like LTC-ETH, MATIC-BTC, ADA-ETH, FIL-ETH, LINK-ETH, OKB-ETH, HBAR-BTC, EOS-ETH, QTUM-BTC, and GRT-BTC, will be delisted on July 25. The next batch will follow on July 26 with pairs like ATOM-ETH, XCH-BTC, MKR-BTC, NEO-BTC, OKT-ETH, OKT-BTC, XRP-ETH, SHIB-BTC, DOGE-ETH, and TRX-ETH set to find their way out of the exchange.
On August 1, OKX said it would delist ADA-BTC, FIL-BTC, NEAR-BTC, LINK-BTC, DOT-BTC, UNI-BTC, ETC-BTC, ATOM-BTC, EOS-BTC. Finally, the exchange will push out AVAX-BTC, CRV-BTC, TRX-BTC, CHZ-BTC, AAVE-BTC, XLM-BTC, CRO-BTC, XRP-BTC, and DOGE-BTC on August 2.
Consequently, OKX users are advised to exit all trades and orders in the aforementioned pairs before the scheduled dates. Refusal to do so will lead to an automatic override of the orders which may take 1-3 days. Moving forward, OKX assured users that it would continue to monitor all its listed trading pairs and implement the delisting mechanism where necessary.
Cross Market Delisting Trend
Recently, Binance also announced plans to delist Bitcoin and Tether margin pairs involving TrueUSD (TUSD). The process, which is scheduled to happen on July 24, 2024, will affect BTC/TUSD and TUSD/USDT pairs across both Cross and Isolated Margin trading types. But before then, it suspended isolated margin borrowing for these pairs since July 12.
In June, Binance also delisted OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM) from its spot and margin outlets. Like OKX, Binance noted that these cryptocurrencies failed to meet industry standards and requirements done periodically. Binance explained:
“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics.”
Users were encouraged to withdraw these tokens from the platform on or before September 17, after which support for them will cease on Binance’s spot and margin outlets.
It is not all about delisting on OKX this season as the exchange recently bagged its 100th mainnet blockchain integration with The Open Network (TON). As a result, the TON ecosystem now rubs shoulders with the likes of NEAR, Blast, and zkLink Nova that OKX supports.
