OKX, a leading cryptocurrency exchange, has announced that it will be delisting a large number of trading pairs. Exchange to Suspend Deposits and Withdrawals of Affected Tokens
The affected pairs include:
- HNT-USDT
- BTM-USDT
- PICKLE-USDT
- GEAR-USDT
- QOM-USDT
- SAITAMA-USDT
- COVER-USDT
- DHT-USDT
- CELO-USDC
- AXS-USDC
- ENS-USDC
- IOST-USDC
- THETA-USDC
- OMG-USDC
- GMT-USDC
- YFI-USDC
- DASH-USDC
- XTZ-USDC
- NEAR-ETH
- IMX-USDC
- GMX-USDC
- APE-BTC
- AAVE-ETH
- CORE-USDC
- ALGO-BTC
- DYDX-BTC
- XLM-ETH
The exchange has stated that it has suspended the deposits of HNT, BTM, PICKLE, QOM, SAITAMA, COVER, and DHT on November 3, and will suspend the withdrawal of the above tokens on January 1, 2024.
OKX has said that it is delisting these trading pairs due to a number of factors, including low trading volume, lack of liquidity, and concerns about the security of the underlying tokens.
Affected Tokens See Price Drops
The delisting announcement has had a negative impact on the prices of some of the affected tokens. For example, Bytom BTM has plummeted 27% in the last 24 hours.
Traders Should Take Note
Traders should be aware of the upcoming delistings and take steps to withdraw their funds from the affected trading pairs before they are delisted.
The delistings are a reminder of the importance of doing one’s own research before investing in any cryptocurrency.