In the world of Bitcoin and altcoins, we often encounter announcements of listing and delisting of cryptocurrencies. There are announcements from some cryptocurrency exchanges, including Binance. Let’s look at the details.
Announcement for 2 altcoins from Binance
Binance, the world’s largest crypto exchange, made an announcement today. Accordingly, altcoin Litecoin (LTC) and Dogecoin (DOGE) announced its plan to delist perpetual contracts next week.
The exchange will adjust the leverage and margin tiers of perpetual contracts LTCBUSD and DOGEBUSD today. It will also remove them from the list after an automatic reconciliation, according to the announcement.
OKX announces 27 cryptocurrencies
Leading crypto exchange OKX is preparing to delist multiple trading pairs of 27 altcoins. The delisting aims to streamline the exchange’s offerings and align them with regular reviews.
OKX, one of the leading names in the cryptocurrency exchange arena, made an announcement. He announced that he plans to delist a significant number of trading pairs associated with the 27 altcoins listed on his platform. There are details of the decision, which was announced on August 17 in an official statement. The platform outlines a systematic approach to removing trading pairs to increase efficiency.
Delisting of three-stage altcoin pairs
The delisting process will take place in three stages. Also, each stage will target specific trading pairs. OKX will delist 8 trading pairs linked to 9 altcoins, including well-known pairs such as CVC-BTC, DASH-ETH, and ICP-BTC, starting at 12:00 on August 24.
In the second stage, there are pairs such as MANA-ETH, NEO-ETH and ONT-BTC on August 28. Accordingly, 9 trading pairs containing 7 altcoins will be removed from the list. The last stage on August 29 is REN-BTC, SLP-USDC and YFI-ETH. Accordingly, it will eliminate 9 trading pairs associated with 9 altcoins.
Important statement from Tether
Tether, the leading stablecoin with a market cap of $82 billion, made the announcement. Accordingly, as of August 17, 2023, altcoin Bitcoin Cash SLP announced that the issuance of USDT tokens on the Kusama and Omni Layer networks has been stopped. However, Tether plans to continue using existing USDT tokens on these networks as usual for at least the next year. On the other hand, the possibility of further changes will be evaluated during this time.
Users will have the option to trade USDT tokens on these networks with other compatible chains on platforms like Bitfinex. When we look at Kriptokoin.com, Tether also explains the reasoning on the subject. Accordingly, there are references to blockchains that lack significant traction. He also states that blockchains that show no improvement in usage indicators over a long period of time can result in inefficient support. On the other hand, he emphasized that it can create security and surveillance risks.
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