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Major Exchange to Delist 16 Cryptocurrencies: Details
OKX has announced the delisting of 16 trading pairs due to low trading volume and liquidity shortages. The exchange will be taking decisive action to maintain a stable trading environment for investors on their platform.
The delisted assets include ALCX/USDT, ALCX/USD, NULS/USDT, NULS/USD, MDT/USDT, MDT/USD, BORA/USDT, BORA/USD, CTXC/USDT, CTXC/USD, XNO/USDT, XNO/USD, VENOM/USDT, VENOM/USD, RADAR/USDT, and RADAR/USD.
The exchange has flagged these pairs due to their failure to meet the minimum requirements for sustained listing. Deposits for the delisted assets have already been suspended, and users are advised to manage or remove their holdings as soon as possible.
The delisting is set to take place on June 20, between 8:00 a.m. and 10:00 a.m. UTC. Furthermore, withdrawals will cease on September 20, providing time for asset recovery.
Market reaction is likely to be volatile during the exit liquidity thins out, which may result in sudden declines for tokens like RADAR and ALCX.
Source: u.today
