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In recent times, cryptocurrency exchanges appear to be preparing for a bull market. While many altcoins are being listed, delisted, and added to futures trading, some exchanges are also removing trading options for certain altcoins to avoid legal liabilities. OKX has taken such a step by announcing the delisting of some altcoins.
OKX Delists Altcoins
According to an announcement by OKX, six altcoins will be delisted from the USDT pair, a decision made after specific reviews. The exchange’s statement was as follows:
To create a healthy digital asset environment in the blockchain industry, optimize the liquidity of trading pairs, and provide users with a good trading experience, the OUYI risk control department has conducted comprehensive market monitoring and progress tracking of the trading pairs launched on the platform in accordance with the “OUYI TOKENs and Offline Trading Pairs Hiding Rules.” Additionally, based on complaints and feedback from most users, trading pairs that violate offline rules and may be high-risk will be taken offline.
The specific trading pairs in question this time are:
FITFI/USDT, GARI/USDT, XPR/USDT, AKITA/USDT, TAMA/USDT, WNCG/USDT.
The exchange stated that the delisting of the mentioned cryptocurrencies would be completed by August 30th and asked investors to cancel their orders before this date if any. Following the announcement, attention turned to the prices of these altcoins.
Altcoin Prices
The price of StepAPP’s (FITFI), one of the prominent walk-to-earn applications, dropped by 2% to $0.002923. GARI experienced a significant decline, falling by 17% to $0.007658. XPR also saw a decrease, trading at $0.000798 at the time of writing.
AKITA also saw a decline, with its price at $0.00000001122. Despite the news, TAMA remained neutral, with a 0.02% drop in the last 24 hours, bringing its value to $0.001603. Lastly, WNCG was trading at $0.0465 after a 1% drop.
