Major cryptocurrency exchange OKX announced it will delist an altcoin that fails to meet its listing criteria in order to maintain a robust spot trading environment. Accordingly, OKX is preparing to remove DFI.Money (YFII) from its list of listed altcoins.
OKX Exchange Prepares to Delist DFI.Money’s YFII
OKX exchange is preparing to delist DFI.Money‘s YFII. The trading pairs affected by the delisting decision include YFII/USDC and YFII/USDT, which will be removed from the platform between 11:00 AM and 11:30 AM local time on February 29, 2024. OKX has advised users to cancel all existing orders related to these trading pairs before the specified time to avoid any losses due to automatic cancellations by the system.
Once the delisting process is complete, affected users will be able to find their assets in the Non-Trading Assets list under Assets > Funding on the OKX platform.
The decision to delist these trading pairs is the result of a comprehensive review of their performance and listing qualifications, as well as feedback from users and the OKX Digital Asset Delisting/Suspension Notice. OKX emphasized that all listed altcoins and trading pairs are expected to meet and maintain the necessary standards to provide and sustain a healthy trading environment for its users.
Deposit Transactions for YFII Suspended
OKX also announced that it has suspended deposit transactions for the soon-to-be-delisted YFII starting from 11:00 AM local time on February 21, 2024. Despite the suspension, users will still be able to withdraw their YFIIs from the cryptocurrency exchange for a while longer.
However, OKX will also halt withdrawal transactions for YFII starting from 11:00 AM local time on April 29, 2024. The cryptocurrency exchange advises users to take action and withdraw their assets from the platform before the suspension of the withdrawal transaction for the altcoin.
