In a significant move, OKX, one of the leading cryptocurrency exchanges, has announced the delisting of several trading pairs. According to information shared by Wu Blockchain, starting on October 24, 2024, trading pairs including BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, and WIFI/USDC will be removed from the platform. This decision is part of OKX’s ongoing efforts to optimize the trading environment and ensure a high-performance market for its users.
Why Is OKX Delisting These Altcoins?
OKX provided a detailed explanation behind this decision, stating that the exchange regularly reviews the performance of listed trading pairs to maintain a robust spot trading environment. Based on feedback from users and in line with their Token Delisting/ Hiding Guidelines, OKX decided to remove these underperforming pairs. OKX stated, “We are committed to improving our users’ trading experience and enhancing the overall security of our platform by delisting pairs that no longer meet our listing criteria.”
OKX, the second largest exchange to leave the case, announced that it will delist multiple trading pairs including BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, WIFI/USDC on October 24, 2024. Deposits of related currencies…
— Wu Blockchain (@WuBlockchain) October 16, 2024
The following pairs will be delisted on October 24, 2024:
- BLOCK/USDT
- UTK/USDT
- UTK/USDC
- AST/USDT
- AST/USDC
- SIS/USDT
- SIS/USDC
- WXT/USDT
- WXT/USDC
- WIFI/USDT
- WIFI/USDC
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Key Deadlines and User Actions
The delisting of these pairs is scheduled to occur between 11:00 and 11:30 AM (UTC) on October 24. OKX has urged users to cancel any pending orders related to these pairs before the delisting. Any unfilled orders will be automatically canceled by the system, and the process may take between 1 to 3 business days.
Additionally, OKX stopped accepting deposits for BLOCK, UTK, AST, SIS, WXT, and WIFI as of October 15, 2024. Users are advised to manage their assets carefully, as once the delisting process is completed, these tokens will appear under the “Unavailable Assets” section of their accounts. Withdrawal services for these tokens will remain available until January 24, 2025. After this date, it will no longer be possible to withdraw the delisted assets from the exchange.
What Should Investors Do?
For those holding investments in these delisted pairs, it’s crucial to manage their positions and withdraw funds before the deadline. Failure to do so will result in the assets being marked as “Unavailable” and not retrievable. OKX emphasizes that such decisions aim to maintain a healthy and secure trading environment on the platform.
The Bit Journal notes that delisting decisions like this often stem from liquidity issues or underperformance in the market. By removing these trading pairs, OKX is reinforcing its commitment to providing a strong, secure trading environment for its users.
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