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Crypto exchange OKX announced delisting of over 30 trading pairs that failed to meet its listing criteria.
OKX has revealed plans to delist various trading pairs that no longer meet its listing standards. The move is part of OKX’s ongoing effort to ensure a strong user trading environment.
OKX, the second largest offshore crypto exchange, announced the delisting of several spot trading pairs that do not fulfill listing criteria:
— Wu Blockchain (@WuBlockchain) September 13, 2023
HEGIC-USDT, MDA-USDT, API3-ETH, API3-USDC, AVAX-ETH, BAT-BTC, BAT-USDC, DGB-BTC, EGLD-BTC, ENS-BTC; ETC-ETH, ETC-OKB, ETHW-BTC, FLOW-BTC,…
Impacted OKX trading pairs
Notably, the exchange delists pairs connected to high-profile projects like AVAX-ETH, BAT-BTC, and HEGIC-USDT, among others. OKX recommends that traders cancel their existing orders tied to these pairs before the scheduled delisting dates to avoid automatic cancellation by the system, which may take one to three business days to process. These delistings will take place from Sept. 21 to 25.
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Adding another layer to the delisting, the platform suspended token deposits for HEGIC and MDA as of 8:00 a.m. UTC on Sept. 12, 2023. Following the delisting, these assets will be transferred to a category labeled “Untradable Assets.”
The exchange emphasizes its commitment to providing a high-quality trading environment. It will continuously review the performance and eligibility of all listed trading pairs, guided by user feedback and its internal Token Delisting/Hiding Guideline.
Earlier this month, OKX announced that it will soon submit a VASP license application to operate in Hong Kong legally, potentially attracting nearly 200,000 retail users in a year.
Regulatory moves across the industry
This initiative is not isolated to OKX. Last month, Binance Futures revealed its intention to delist perpetual contracts for Cardano and Polygon. Binance also recently removed PEPE as a borrowable asset on its Flexible Loan platform and announced the upcoming delisting of several privacy coins, including XMR.
Coinbase is also taking measures to follow regulatory guidance. The platform recently hiked the interest rate on its USDC, following confirmation from the US Securities and Exchange Commission (SEC) about its stance on stablecoins.
Read more: OKX nears final stage of preparing for Hong Kong license application