Delist news from cryptocurrency exchanges never ends. The latest delist news regarding altcoin projects came from OKX.
OKX delists these altcoin projects
Cryptocurrency exchange platforms have become the focus of investors’ attention. On the other hand, OKX, one of the leading players in the industry, made an important announcement today. Accordingly, the exchange is preparing to delist a total of 17 altcoin pairs that have attracted the attention of the crypto community.
With this move, OKX decided to completely remove five altcoins from its platform: altcoins FODL, CHE, INT, PNK and MXT. On the other hand, investors need to be prepared for potential sharp declines in the prices of these tokens in the coming minutes.
OKX made a statement
OKX shared a statement on the subject. Accordingly, they underlined their determination to maintain a strong spot trading environment. The exchange states that it has taken into account user feedback and the OKX Token Delisting/Covering Guide. It also constantly evaluates the performance and suitability of all listed trading pairs. As a result of this review, the following trading pairs will be removed from the list.
Delisting Date: 27 October 2023, 08:00 – 08:30
- FODL-USDT
- CHE-USDT
- INT-BTC
- INT-USDT
- PNK-USDT
- MXT-USDT
Date of Delisting: 30 October 2023, 08:00 – 08:30
- SSV-USDC
- DOT-ETH
- COMP-BTC
- UNI-ETH
- KNC-BTC
- ANT-BTC
- MKR-ETH
- XRP-OKB
- CRV-ETH
- LTC-OCD
- SUSHI-ETH
OKX advises its users to cancel open orders for these altcoin trading pairs before the delisting date. Failure to do so will cause the system to automatically cancel these orders. Additionally, this will take 1-3 business days. This decision reflects the exchange’s desire to maintain a high-quality trading environment. On the other hand, it also emphasizes its determination to ensure that the listed tokens meet the necessary criteria.
What do delistings mean?
Delistings are not a rare occurrence in the ever-evolving cryptocurrency space. Accordingly, investors should be careful and aware of the announcements to protect their investments. Of course, there is a point in being aware of the announcement. When there is an announcement, altcoin projects are affected by the announcement. There are also significant decreases in prices. Accordingly, investors especially look at announcements to review their positions.
Bitcoin and altcoin markets are on the agenda with their fluctuations. Additionally, such regulations may affect prices. OKX’s announcement reinforces the importance of staying informed and alert in the cryptocurrency world. As the industry continues to evolve, both newcomers and experienced investors need to adapt to these changes. Additionally, when we look at Kriptokoin.com, it becomes very important to make conscious choices to navigate the ever-changing crypto environment.
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