One of many largest cryptocurrency exchanges, OKX, introduced delisting a number of buying and selling pairs directly.
In accordance with the Dec. 29 announcement, OKX will delist stablecoin USD Coin (USDC), Tether (USDT), and Bitcoin (BTC) buying and selling pairs with a number of distinguished privacy-focused cryptocurrencies, together with Monero (XMR) and Sprint (DASH). The delisting will happen on Jan. 4 and 5, 2024.
The precise motive for this determination is unknown. Platform representatives said the next:
“To keep up a sturdy spot buying and selling atmosphere, we consistently monitor the efficiency of all listed buying and selling pairs and overview their itemizing {qualifications} commonly.”
OKX announcement
The trade really helpful that orders for these pairs be canceled previous to delisting, in any other case they are going to be canceled mechanically inside 1-3 enterprise days. The trade had additionally suspended accepting deposits in some currencies, together with XMR and DASH, on Dec. 27. Withdrawals can be suspended on Mar. 5, 2024.
Earlier, the pinnacle of OKX listed 5 fundamental rules that information the corporate when selecting cryptocurrencies for itemizing. Because the CEO of OKX famous, within the course of of labor the crew developed 5 fundamental rules for choosing tokens for placement on the trade. As well as the CEO says the corporate has sure standards for choosing cash for spot and futures buying and selling. In its work, the platform adheres to the rules of transparency and strives to develop infrastructure and introduce expertise.