OKX has recently announced the delisting of several digital assets from its platform. The delisting will take place on April 6, 2023, between 7:00 to 7:30 am UTC, and will affect 13 trading pairs, including YOU/BTC, YOU/USDT, TOPC/BTC, TOPC/USDT, BHP/USDT, ORS/USDT, PLG/USDT, CELT/USDT, CELT/USDC, CELT/BTC, TRADE/USDT, MON/USDT, HYC/USDT, and ANW/USDT.
According to the exchange’s announcement, the delisting decision was based on feedback from users and the OKX Token Delisting/Hiding Guideline. OKX stated that it regularly reviews the performance of all listed projects and their listing qualifications to ensure a robust spot trading environment for its users.
To prepare for the delisting, OKX has also suspended the deposits of the affected tokens from March 30, 2023, at 8:00 am UTC. Furthermore, the exchange will suspend the withdrawal of these tokens starting from May 30, 2023, at 8:00 am UTC. Users are advised to manage their assets promptly to avoid any inconvenience.
After the delisting, users can find their assets under Assets > Funding > Untradable assets. OKX has also advised users to cancel any open orders pertaining to these trading pairs before the delisting. If orders are not canceled in time, they will be automatically canceled by the system, and the process may take 1-3 working days.
The exchange emphasized that it will continue to monitor all listed projects and implement the delisting/hiding mechanism as necessary. OKX also reminded users that trading digital assets involves significant risks and can result in the loss of their invested capital. Therefore, users should fully understand the risks involved, consider their level of experience and investment objectives, and seek independent financial advice if necessary.
Overall, the delisting of these tokens by OKX serves as a reminder that digital asset trading is a highly volatile and risky activity. It is crucial for users to conduct thorough research before investing and to keep track of any updates or announcements from exchanges to avoid any unexpected losses.
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