OKX Prepares to Delist Several Trading Pairs
Cryptocurrency exchange OKX has announced plans to remove several trading pairs in a bid to maintain a robust trading environment.
OKX will stop supporting 11 trading pairs from March 20. We tell you which tokens were affected by the changes on the crypto exchange.
What users need to know
Next week, crypto exchange OKX will remove the following trading pairs from its platform:
- XR/USDT
- GOAL/USDT
- GOAL/USDC
- KP3R/USDT
- KP3R/USDC
- LBR/USDT
- LAMB/USDT
- LAMB/USDC
- BZZ/USDT
- BZZ/USDC
- GPT/USDT
“To maintain a sustainable spot trading environment, we continually monitor the performance of all trading pairs on the platform and regularly review their compliance. Based on user feedback, we will remove several trading pairs that no longer meet our listing criteria,” OKX said in a press release.
Delisting decisions are usually made based on criteria such as liquidity, trading volume, and popularity of trading pairs among users.
The delisting will take place on March 20 from 8:00 to 9:00 UTC (11:00 to 12:00 Moscow time). Before this time, users must cancel orders related to the pairs affected by the delisting or withdraw funds from the platform. Otherwise, OKX will close all traders' positions automatically.
Deposits for XR, GOAL, KP3R, LBR, LAMB, BZZ and GPT will be suspended from today, March 13th.
Market reaction
On news of the delisting, the quotes of the affected tokens dropped by 30% or more. The largest decline was experienced by LAMB, BZZ and LBR, which fell in price by 73%, 60% and 50%, respectively.
XR has fallen just over 30%, while GOAL and KP3R have fallen 38% and 30% respectively. GPT has fallen almost 50%.
Источник: cryptocurrency.tech