OKX Crypto Exchange Announces Plans to Delist Privacy Coins in 2024 – What’s Going On?
Crypto exchange OKX will delist eight privacy-focused coins in a few days. These include monero (XMR), zcash (ZEC). and dash (DASH), among others.
According to the press release, besides the above-mentioned XMR, ZEC, and DASH, the move will also affect FSN, ZKS, CAPO, CVP, and ZEN.
OKX has already suspended the deposits of the eight tokens listed above on December 27, 2023.
“Please manage your assets promptly,” it advised.
The withdrawals will also be suspended, but that will happen on March 5, 2024.
The exchange stated that, in order to maintain “a robust spot trading environment,” the team is constantly monitoring the performance of all listed trading pairs. Furthermore, it reviews their listing qualifications.
OKX stated that,
“Based on feedback from users and the OKX Token Delisting / Hiding Guideline, we will be delisting several trading pairs that do not fulfill our listing criteria.”
With that in mind, it said it would delist twenty trading pairs in early January next year – so in less than a week.
These involve bitcoin (BTC), ethereum (ETH), USDC coin (USDC), and tether (USDT).
To be more precise, on January 4, the exchange will delist KSM-USDC, FLOW-USDC, JST-USDC, KNC-USDC, ANT-USDC, FSN-USDT, ZKS-USDT, CAPO-USDT, and CVP-USDT.
The following day, it will do the same for XMR-BTC, XMR-ETH, XMR-USDT, XMR-USDC, DASH-BTC, DASH-USDT, ZEC-BTC, ZEC-USDT, ZEC-USDC, ZEN-BTC, and ZEN-USDT.
The exchange added that users should cancel orders pertaining to these trading pairs before the delisting.
If they do not, the system will automatically cancel the orders. The cancellation may take 1-3 working days.
OKX has 324 coins and 482 trading pairs available at the moment, according to CoinGecko. It has $12.3 billion in Exchange Reserves.
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