OKX, the popular Bitcoin and altcoin exchange, recently announced that it is removing several crypto assets from its platforms. Crypto delist refers to the removal of a cryptocurrency from a particular exchange or trading platform. It can happen for a variety of reasons, such as lack of liquidity, low trading volume, technical issues or regulatory concerns. Here are the details…
OKX delists these altcoin projects
Delisting a cryptocurrency means that the exchange or platform will no longer support the trading of that coin or token. This could have significant impacts on the value and liquidity of the delisted cryptocurrency as trading the coin or token will become more difficult. The delisting process, the latest delisting announced by OKX, will take place on April 6, 2023, between 10:00 and 10:30 in Turkey. Affected pairs are as follows: YOU/BTC, YOU/USDT, TOPC/BTC, TOPC/USDT, BHP/USDT, ORS/USDT, PLG/USDT, CELT/USDT, CELT/USDC, CELT/BTC, TRADE/USDT, MON/USDT, HYC/USDT and ANW/USDT.
According to the exchange’s announcement, the decision to delist was based on user feedback and the OKX Token Delisting/Hiding Guide. OKX noted that it regularly reviews the performance and listing qualifications of all listed projects to ensure a solid spot trading environment for its users. To prepare for Delist, OKX has suspended the deposit process in the affected tokens from 11:00 CEST on 30 March 2023. In addition, the exchange will suspend the withdrawal of these tokens starting May 30, 2023 at 11:00 CEST.
Open orders expected to be canceled
The exchange emphasized that it will continue to monitor all listed projects and implement the delisting/hiding mechanism when necessary. OKX also reminded users that trading crypto assets involves significant risks and may result in loss of invested capital. Users should therefore fully understand the risks involved, consider their level of experience and investment objectives, and seek independent financial advice if necessary.
After delisting, users can find their assets under Assets > Financing > Non-tradable assets. OKX also advised users to cancel open orders on these trading pairs before delisting. If orders are not canceled on time, they will be automatically canceled by the system and the transaction may take 1-3 business days.
Overall, the delisting of these tokens by OKX is a reminder that crypto-asset trading is a highly volatile and risky activity. In order to avoid unexpected losses, it is very important for users to do a thorough research and follow updates or announcements from exchanges before investing.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.