In a recent announcement, digital asset exchange OKX revealed plans to delist a range of cryptocurrencies, including XRP, SHIB, and ADA, from its BTC and ETH trading pairs. This decision, which will impact a total of 40 trading pairs and 30 crypto assets, is set to take effect in stages over the coming days.
Details of the Delisting Schedule
OKX outlined the delisting process in four phases. The first phase will see the removal of trading pairs such as LTC-ETH, MATIC-BTC, ADA-ETH, FIL-ETH, LINK-ETH, OKB-ETH, HBAR-BTC, EOS-ETH, QTUM-BTC, and GRT-BTC on July 25. The subsequent set, to be delisted on July 26, includes pairs like ATOM-ETH, XCH-BTC, MKR-BTC, NEO-BTC, OKT-ETH, OKT-BTC, XRP-ETH, SHIB-BTC, DOGE-ETH, and TRX-ETH. The final phases will take place on August 1 and 3, removing pairs such as ADA-BTC, FIL-BTC, NEAR-BTC, LINK-BTC, DOT-BTC, UNI-BTC, ETC-BTC, ATOM-BTC, EOS-BTC, AVAX-BTC, CRV-BTC, TRX-BTC, CHZ-BTC
, AAVE-BTC, XLM-BTC, CRO-BTC, XRP-BTC, and DOGE-BTC.
Reasons Behind the Decision
OKX cited adherence to listing criteria and user feedback as key reasons for this action. The exchange aims to maintain a robust trading environment by ensuring that listed pairs meet certain qualifications. This move reflects the intensified competition among centralized crypto exchanges as they strive to capitalize on market volatility and volume.
User Impact and Recommendations
In light of the upcoming delisting, OKX has advised users to cancel any orders involving the affected trading pairs before the scheduled delisting dates to avoid automatic cancellations. The exchange has indicated that cancellations may take between 1-3 working days to process.
Market Implications
The removal of these trading pairs is likely to impact market confidence, particularly for less prominent cryptocurrencies. While major digital assets may experience less disruption, the delisting could affect the trading volume and visibility of smaller tokens. Investors should monitor these developments closely to assess their potential effects on market dynamics.
For ongoing updates and additional information, users are encouraged to follow OKX’s official communications.
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