Key Points
- OKX is set to delist over 30 trading pairs related to Bitcoin and Ethereum.
- The decision follows OKX’s withdrawal of its VASP license application in Hong Kong and cessation of operations in Nigeria.
OKX, a global cryptocurrency exchange, has revealed plans to eliminate more than 30 trading pairs associated with Bitcoin (BTC) and Ethereum (ETH).
This decision comes after comprehensive market monitoring, as the platform seeks to optimize liquidity.
Delisting Process
In a recent announcement, OKX specified that 38 trading pairs will be phased out gradually. The first batch of delisting began on July 25.
The phased delisting process includes pairs like LTC/ETH, MATIC/BTC, ADA/ETH, FIL/ETH, LINK/ETH, OKB/ETH, HBAR/BTC, EOS/ETH, QTUM/BTC, GRT/BTC, among others.
Users with active orders in these pairs have been advised to cancel them before the specified delisting times. Any remaining orders after the deadline will be automatically cancelled by the platform, a process that may take up to three business days.
Recent Changes at OKX
This move comes shortly after OKX withdrew its Virtual Asset Service Provider (VASP) license application from Hong Kong two months ago. The company did not provide further details about this decision.
Moreover, in mid-July, OKX halted operations in Nigeria, citing changes in local regulations.
In relation to the recent delisting, OKX has stated that it will continue to monitor and enforce its trading pair listings in line with its “Rules on Hiding Tokens and Delisting Trading Pairs”.
