OKX exchange has announced the delisting of over 30 spot trading pairs tied to Bitcoin and Ethereum. The exchange claimed that the action aims to enhance trading on the platform, adding that the delisted pairs did not meet its listing criteria.
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The delisting, which is scheduled to happen in stages, is unlikely to affect the value of the altcoins involved. Many of these coins continue to trade on the exchange and are available in other trading pairs.
Trading pairs to be delisted in stages
The exchange published the list of 38 trading pairs it plans to delist over the next week. The delisting is scheduled for July 25, July 26, August 1, and August 2. It would affect several popular altcoins listed as trading pairs, including Bitcoin and Ethereum.
Pairs to be delisted include LTC-ETH, MATIC-BTC, ADA-ETH, FIL-ETH, LINK-ETH, OKB-ETH, HBAR-BTC, EOS-ETH, QTUM-BTC, GRT-BTC, ATOM-ETH, XCH-BTC, MKR-BTC, NEO-BTC, OKT-ETH, OKT-BTC, XRP-ETH, and SHIB-BTC.
Others include DOGE-ETH, TRX-ETH, ADA-BTC, FIL-BTC, NEAR-BTC, LINK-BTC, DOT-BTC, UNI-BTC, ETC-BTC, ATOM-BTC, EOS-BTC, VAX-BTC, CRV-BTC, TRX-BTC, CHZ-BTC, AAVE-BTC, XLM-BTC, CRO-BTC, XRP-BTC, and DOGE-BTC.
OKX explained that these trading pairs were delisted based on user feedback and because they did not meet the listing criteria set out in its Token Delisting/Hiding Guideline. It added that their removal is part of the process to “maintain a robust spot trading environment.”
Meanwhile, with the delisting set to start in a few days, the exchange has advised users with open orders on these trading pairs to cancel their orders. If they fail to do so, the exchange will automatically cancel their orders, which may take 1 and 3 working days to reflect.
OKX previous token delisting
The news today is not the first time that OKX has delisted digital assets on its platform. In March, the exchange delisted Tether USDT for users in the European Union and European Economic Area (EEA). Many believe this was in anticipation of the Market in Crypto Assets regulation, which took effect in June 2024.
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Prior to that, the firm delisted privacy tokens such as Zcash and Monero in early 2024, claiming they did not meet its listing criteria. Notably, the delisting of the privacy tokens was widespread across several centralized exchanges, including Binance, which also removed some of these assets from its platform due to regulatory concerns.