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.
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.
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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