Cryptocurrency exchange OKX has announced it will list the Litentry (LIT) token on the spot market. According to the official statement from the exchange, trading for the LIT/USDT pair will begin on January 15th.
This development suggests increased investor interest in the Litentry project and is seen as part of OKX’s strategy to expand its spot trading portfolio.
According to the schedule shared by OKX, LIT token deposits will open to users on January 15th at 7:00 PM. Following this, an early order (pre-order) period will be implemented between 10:30 PM and 11:30 PM to allow for a more stable market formation. During this one-hour period, users will be able to enter buy and sell orders into the system before trading begins. LIT/USDT spot trading will officially commence at 11:30 PM on the same day.
OKX has also set a schedule for token withdrawals, announcing that LIT withdrawals will be active from January 16th at 01:30 AM. This will allow users to complete deposit, transaction, and withdrawal steps within a short timeframe.
Litentry is known as a project offering decentralized identity (DID) and cross-chain authentication solutions. The project aims to provide users with a more secure and efficient experience in DeFi and Web3 applications by consolidating their identity and reputation data across different blockchains under a single platform. OKX’s addition of LIT to the spot market could increase the project’s liquidity and help it reach a wider investor base.
Experts point out that the new listings could increase trading volume and volatility in the short term, and emphasize that investors should carefully examine market conditions and project details before trading.
*This is not investment advice.