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Deythere > News > News > Farewell to 6 Altcoins! Major Exchange Announces Delistings
News

Farewell to 6 Altcoins! Major Exchange Announces Delistings

focusing on the delisting of altcoins by OKX. The scene should include symbols of altcoins like BLOCK UTK AST SIS W
Milena Volodina
Last updated: October 16, 2024 11:34 am
By
Milena Volodina
Published October 16, 2024
2 Min Read
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OKX has announced that it will be delisting several altcoins from its platform due to insufficient trading volume and user demand. The affected tokens include BLOCK, UTK, AST, SIS, WXT, and WIFI, along with their respective trading pairs. These include BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, and WIFI/USDT.

Contents
  • Trading Volume and Demand Were Key Factors
  • Withdrawal Deadline: January 2025

Trading Volume and Demand Were Key Factors

The delisting process is set to take place on October 24, 2024, between 11:00 AM and 11:30 AM UTC. Users with open orders in the affected trading pairs are advised to cancel them before this date. Otherwise, the system will automatically cancel any remaining orders.

According to OKX, this decision was made after carefully considering user feedback and monitoring the performance of the trading pairs. The exchange noted that it follows the Token Delist/Hide Guidelines, which emphasize the removal of tokens and pairs with low demand or insufficient trading volume. Affected users will find these delisted assets under the “Untradable Assets” section of their accounts.

Additionally, deposits for these tokens were suspended as of October 15, 2024. OKX has reminded users to manage their assets accordingly, as they will only be visible in the designated section once the delisting is completed.

the delisting of altcoins by OKX. The scene includes cryptocurrency symbols like BLOCK UTK AST SIS WXT

Withdrawal Deadline: January 2025

Withdrawals of these delisted assets will remain available until January 24, 2025. After this date, users will no longer be able to withdraw BLOCK, UTK, AST, SIS, WXT, and WIFI from the platform. OKX strongly recommends users complete their withdrawals before the deadline.

OKX stated that the delisting process aims to enhance the user experience and optimize the trading environment on the platform. The exchange also reiterated that it will continue to review and delist tokens that do not meet its listing criteria.

For more updates, stay tuned to Dey There.

OKX, delisting, altcoins, trading pairs, withdrawal deadline

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ByMilena Volodina
Milena Volodina is a blockchain strategist and cryptocurrency expert with 9 years of experience in the industry. With a background in finance and technology, Milena has worked on numerous blockchain projects, including the development of decentralized finance (DeFi) platforms and blockchain-based financial services. Her expertise in both the technical and financial aspects of blockchain technology allows her to provide a comprehensive view of the industry. At DT NEWS, Milena offers readers expert analysis and insights into the latest trends and innovations in the blockchain and cryptocurrency world, ensuring they stay informed about key developments.
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