Cryptocurrency exchange OKX today took a step to improve the trading environment. Accordingly, nine altcoins are delisted. The stock exchange’s decision has become an important agenda in the cryptocurrency world. Let’s look at the details.
Bitcoin and altcoin exchange OKX implements changes for a better trading environment
Cryptocurrency exchange OKX looks at listed trading pairs. It also conducts a comprehensive assessment of their compliance with listing qualifications. This initiative meets the needs and expectations of OKX’s users. It is also part of OKX’s commitment to maintaining a robust spot trading ecosystem. Accordingly, there are moves regarding some altcoin trading pairs.
Based on user feedback and the guidelines outlined in the OKX Token Delisting Guide, the exchange has identified certain trading pairs that do not meet the listing criteria. As a result, OKX has decided to delist some altcoin trading pairs. Accordingly, as per the decision, altcoin trading pairs KOL/USDT, GM/USDT, SRM/USDT, SRM/USDC, UMEE/USDT, VALUE/USDT, MITH/USDT, JFI/USDT and SOS/USDT are delisted. These trading pairs will be delisted on October 16, 2023. Accordingly, it is planned to take place between 11:00 and 11:30. What users with open orders in these trading pairs must do is also explained by the exchange. Accordingly, they are strongly advised to cancel these orders before the delisting process begins.
Automatic cancellation of open orders
For users who do not cancel their open orders on delisted altcoin trading pairs in time, OKX will automatically cancel these orders. Cancellation will take 1-3 business days. After delisting, users will find their assets in the “Assets > Funding > Non-fungible assets” section.
In addition to the delisting, token deposits for KOL, GM, SRM, UMEE, VALUE, MITH, JFI, and SOS have been temporarily suspended as of 11:00 AM on October 5, 2023. Users need to manage their assets appropriately during this time. On the other hand, there is also a date for the withdrawal of the above-mentioned altcoin group. Accordingly, it will be temporarily suspended as of 11:00 on December 16, 2023. To avoid problems, users need to make necessary arrangements for their assets before the suspension. As Kriptokoin.com, OKX is determined to provide a safe and compatible trading environment for its users. On the other hand, it continues to make adjustments as necessary to ensure the integrity and functionality of the platform.
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