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Crypto currency exchanges continue to clean up low-volume pairs ahead of the upcoming bull season. Just now, new ones have been announced. We have been talking about how many cryptocurrencies will not be able to survive this process from the bear markets to the present day. Almost all popular exchanges have done the necessary cleaning periodically in 2023.
Altcoins to be Delisted
According to the announcement made by the OKX exchange just now, HNT, BTM, PICKLE, QOM, SAITAMA, COVER, and DHT will be removed from the exchange. Not only that, more than 20 pairs will be deactivated as of today. Many popular cryptocurrency pairs will be removed. The complete list is as follows;
“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, and XLM-ETH”
The announcement made by OKX exchange stated the following;
“To maintain a solid spot trading environment, we constantly monitor the performance of all listed trading pairs and regularly review their listing qualifications. Based on user feedback and the OKX Token Delisting Guide, we will delist a few trading pairs that do not meet our listing criteria. We advise users to cancel orders related to these trading pairs before delisting. Otherwise, the system will automatically cancel these orders. The cancellation process may take 1-3 business days. We will continue to monitor all listed trading pairs and implement delisting/hiding mechanisms as necessary.”
Exchanges have been doing this for altcoins that do not see the necessary volume levels for a long time. Investors holding altcoins need to closely monitor volume data and be prepared for potential risks.
