- OKX, one of the leading cryptocurrency exchanges, has announced that it will remove several trading pairs from the spot market that do not meet the listing criteria.
- The exchange has considered trading volume, liquidity, compatibility, technical support, and user demand when evaluating the listing qualities of a trading pair.
- Further, the exchange has given details on delisting several low-liquidity perpetual swaps and margin trading pairs.
OKX, a global cryptocurrency spot and derivatives exchange has revealed the delisting of several spot trading pairs. These developments come after the exchange’s regular review of the performance and feedback of all trading pairs listed on the company.
According to the announcement on OKX Token Delisting / Hiding Guide, some of the factors that the exchange took into consideration include trading volume, liquidity, compatibility, technical support, and user demand when evaluating the listing qualities of a trading pair.
However, the platform seeks to enable a solid spot trading environment for its users by removing underperforming or inactive trading pairs. Some of the affected pairs and their delisting time include:
- CVC-BTC, DASH-ETH, ENJ-BTC, FLM-USDC, ICP-BTC, IOST-BTC, IOST-ETH, KLAY-BTC, KSM-ETH August 24, 2023, 14:00 – 14:30
- MANA-ETH, NEO-ETH, NULS-BTC, NULS-ETH, ONT-BTC, PEOPLE-BTC, PEOPLE-USDC, PERP-USDC, QTUM-ETH August 28, 2023, 14:00 – 14:30
- REN-BTC, RSR-USDC, SLP-USDC, TAMA-USDC, THETA-BTC, TRB-USDC, WBTC-ETH, WXT-BTC, YFI-ETH August 29, 2023, 11:00 – 11:30
“We advise users to cancel orders pertaining to these trading pairs before the delisting. Otherwise, the system will automatically cancel these orders. The cancellation may take 1-3 working days,” the exchange asserted.
OKX To De-List Low-Liquidity perpetual Swaps and margin trading pairs
Nonetheless, the exchange has given details on delisting several low-liquidity perpetual swaps and margin trading pairs. These include perpetual contract trading. OKX will delist these perpetual swaps and terminate the relevant trades. Relevant orders on the order book will also be canceled after the delisting. They Include:
- DORAUSDT August 24, 2023, 08:00 AM UTC
- ENJUSDT August 24, 2023, 08:00 AM UTC
OKX will deliver all the DORAUSDT and ENJUSDT perpetual swaps positions at the arithmetic average price of the corresponding OKX index timed 1 hour before the delisting.
On the other hand, the platform has insisted that” Considering that the market may fluctuate sharply before the delisting, please manage your risk level by reducing the actual leverage multiples or closing positions in advance.”
To ensure the successful delivery of DORAUSDT and ENJUSDT perpetual swaps during the delisting, OKX has made the following adjustments. These include adjusting price limit rules, margin trading, and adjustment of discounts.
OKX noted that it will continue to monitor all listed trading pairs and implement the delisting/hiding mechanism as necessary.
