OKX, one of the popular cryptocurrency exchanges, announced that it will delist 10 altcoin trading pairs from its platform on April 28, 2023.
Cryptocurrency Exchange OKX Announces 10 Altcoin Trading Pairs to Delist
The decision was made after a regular review of the listed projects and their compatibility with the OKX Token Delisting / Hiding Guideline.
Affected pairs are CEEK/USDC, DEP/USDC, GARI/USDC, GEAR/USDC, GODS/USDC, KISHU/USDC, NYM/USDC, SNT/BTC, SWFTC/USDC and TRUE/BTC.
Users with open orders containing these pairs are advised to cancel them before 11:00 am to 11:30 pm on April 28, 2023. Otherwise, the orders will be canceled automatically by the system. Cancellation can take up to three business days to complete.
Delisting ALERT 🔴#OKX will delist several spot pairs that do not fulfill our listing criteria from 8:00 am on Apr 28:
— OKX (@okx) April 24, 2023
OKX stated that these delist transactions aim to maintain a solid spot trading environment and provide users with a better trading experience. The exchange also reminded users to be mindful of the risks associated with trading digital assets and to be careful when making investment decisions.
Cryptocurrency exchange OKX's official website has some information on how delist decisions are made. According to the information, if the altcoin team makes major changes to the product or business model without prior notice, the token can be delisted.
In addition, numerous criteria include that the average daily trading volume of the token's trading pair is less than 5 BTC for 7 consecutive days, or that no orders are fulfilled within 24 hours on a trading pair.
*Not investment advice.