OKX exchange has announced the delisting of certain altcoins from its platform. According to the statement, altcoins BLOCK, UTK, AST, SIS, WXT, and WIFI, along with their respective trading pairs, will be removed due to insufficient trading volume and user demand. The affected trading pairs include BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, and WIFI/USDC.
Trading Volume and Demand Considered
The removal is scheduled to occur on October 24, 2024, between 11:00 and 11:30 AM (UTC). Users are advised to cancel any open orders related to the affected trading pairs before this date; otherwise, the orders will be automatically canceled by the system.
Before making this decision, OKX stated it considered user feedback and continuously monitored the performance of trading pairs. The exchange noted that the delisting aligns with its Token Delisting/Hiding Guidance, which focuses on removing altcoins and trading pairs with low demand and trading volume. Affected users can find their assets in the exchange’s ‘Untradable Assets’ section.
Withdrawal Operations Will Be Suspended in January 2025
Withdrawal operations will continue until January 24, 2025. After this date, withdrawals for BLOCK, UTK, AST, SIS, WXT, and WIFI assets will also be suspended. Users are encouraged to manage their assets and complete withdrawals by this date.
OKX emphasized that this delisting process aims to enhance user experience and make the trading environment on the exchange more efficient. The exchange also added that it will continue to regularly review altcoins and trading pairs that do not meet listing criteria in the future.
