OKX to Delist Some BTC, ETH, and XRP Trading Pairs

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As a seasoned researcher with a background in cryptocurrency and digital asset exchanges, I have seen my fair share of delistings and market fluctuations. The recent decision by OKX to delist certain trading pairs is not an uncommon occurrence in this industry. Exchanges regularly evaluate the performance and compliance of their listed assets against specific criteria, seeking to provide the best services and protections for their users.

Expert: The leading cryptocurrency exchange, OKX, has announced that they will be removing some Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) trading pairs from their platform. Regularly assessing the health of all listed trading pairs is a standard practice for exchanges like OKX. Following a thorough evaluation in their latest review, it was determined that OKX would discontinue support for certain BTC, ETH, and XRP pairings.

OKX Aligns with Its Delisting Guidelines

A substantial portion of the assessment revolves around gathering input from OKX’s crypto exchange community. Moreover, the trading pairs no longer align with OKX’s listing standards, as stipulated in their delisting protocol. The removal process will be phased out, occurring over a roughly one-week duration.

On July 25, the initial group of crypto pairings – LTC–ETH, MATIC–BTC, ADA-ETH, FIL-ETH, LINK-ETH, OKB-ETH, HBAR-BTC, EOS-ETH, QTUM-BTC, and GRT-BTC – will no longer be available for trading. Subsequently, on July 26, the following pairs – ATOM-ETH, XCH-BTC, MKR-BTC, NEO-BTC, OKT-ETH, OKT-BTC, XRP-ETH, SHIB-BTC, DOGE-ETH, and TRX-ETH – will be removed from the exchange.

Beginning on August 1, OKX announced that it would remove the trading pairs ADA–BTC, FIL-BTC, NEAR-BTC, LINK-BTC, DOT-BTC, UNI-BTC, ETC-BTC, ATOM-BTC, and EOS-BTC from its platform. The remaining pairs, including AVAX-BTC, CRV-BTC, TRX-BTC, CHZ-BTC, AAVE-BTC, XLM-BTC, CRO-BTC, XRP-BTC, and DOGE-BTC, will be delisted on August 2.

Therefore, OKX recommends that users close out all open trades and orders for the mentioned pairings prior to the stated deadlines. Failing to comply may result in an automatic replacement of these orders, which could take between 1-3 business days. In the future, OKX will remain vigilant and execute the delisting process as required for all its supported trading pairs.

Cross Market Delisting Trend

Beginning on July 24, 2024, Binance intends to remove Bitcoin (BTC) and Tether (USDT) margin trading pairs with TrueUSD (TUSD). This change will apply to both Cross and Isolated Margin trading types for the BTC/TUSD and TUSD/USDT pairs. Prior to this date, Binance has halted isolated margin borrowing for these specific pairs as of July 12.

In June, Binance removed OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM) from its trading platforms, both spot and margin. Similar to OKX, Binance indicated that these cryptocurrencies did not meet the industry’s regular benchmarks and prerequisites. Binance elaborated:

If a coin or token fails to meet our requirements or the market conditions shift, we conduct a thorough examination and may consider removing it from our platform. Our main goal is to provide top-tier services and safeguards for our users, all while staying responsive to changing industry trends.

Based on my experience working in the cryptocurrency industry, I strongly advise users to withdraw any tokens they hold on Binance’s spot and margin outlets by September 17. After this date, support for these tokens will no longer be available on the platform. This means that users will not be able to trade or use these tokens for margin trading on Binance. I have seen similar situations in the past where tokens were delisted from exchanges without warning, leaving users stranded with assets they could no longer utilize. To avoid any potential losses or inconvenience, it’s best to withdraw your tokens before the deadline.

As a seasoned cryptocurrency trader with years of experience under my belt, I can tell you that the crypto world moves at a lightning-fast pace. New projects and integrations are constantly emerging, making it essential for exchanges to keep up with the latest developments.

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2024-07-23 15:44