news 
Major Exchange to Delist 16 Cryptocurrencies: Details
A major cryptocurrency exchange has announced plans to delist 16 trading pairs due to low trading volume and liquidity shortages. The move aims to maintain a stable trading environment for investors on the platform.
According to reports, OKX has flagged these pairs as part of its routine listing qualification review, citing insufficient trading activity. The affected assets include ALCX/USDT, NULS/USD, MDT/USD, BORA/USDT, CTXC/USD, XNO/USD, VENOM/USD, RADAR/USD, among others.
The delisting is set to take place on June 20, between 8:00 and 10:00 a.m. UTC, with deposits for the affected assets already suspended as of June 16. Users are advised to manage or remove their holdings as soon as possible.
Industry experts warn that this move could lead to significant price fluctuations for the impacted assets, potentially exacerbating an already precarious situation. The delisting may also prompt investors to reconsider their positions in these altcoins.
As a result, traders should be cautious of slippage risks and illiquidity traps during the delisting window.
Source: u.today
