Seychelles-based cryptocurrency exchange OKX has made a strategic decision regarding its offering by announcing the delisting of an XRP spot trading pair.
According to an announcement today, OKX will delist the XRP/OKB spot trading pair later this month. It is worth noting that the XRP/OKB pair will be delisted from the OKX trading platform on October 30, 2023, at exactly 08:00 a.m. (UTC).
OKX stated that the decision aligns with its routine check of all listed trading pairs to maintain a robust spot trading environment.
Other Spot Trading Pairs Delisted
Besides XRP-OKB, OKX also delisted other spot trading pairs. The exchange made the move by classifying the assets into two distinct categories.
The first sets of trading pairs, such as “FODL-USDT, CHE-USDT, INT-BTC, INT-USDT, PNK-USDT, and MXT-USDT,” will be delisted on October 27 at 08:00 a.m. (UTC).
In addition, other spot trading pairs like “SSV-USDC, DOT-ETH, COMP-BTC, UNI-ETH, KNC-BTC, ANT-BTC, MKR-ETH, CRV-ETH, LTC-OKB, and SUSHI-ETH” will be delisted on October 30, 2023.
OKX stated that it would delist the above-mentioned trading pairs due to its failure to fulfill the exchange’s listing criteria. In the meantime, OKX urged users to cancel all orders related to the trading pairs before the delisting date.
Failure to comply with the directive will result in automatic cancellation, which would take 1 – 3 working days.
OKX Still Supports Other XRP Spot Trading Pairs
OKX’s decision to delist XRP only relates to the XRP/OKB pair. The exchange will continue supporting XRP via other spot trading pairs.
With OKX intending to delist XRP/OKB, the exchange offers four spot trading pairs for XRP, including XRP/BTC, XRP/USDC, XRP/USDT, and XRP/ETH.
As reported last month, OKX disclosed that it holds a whopping 178.4 million XRP worth more than $103.29 million.
OKX’s decision to delist the XRP/OKB spot trading pair did not negatively impact the coin’s price. At press time, XRP was changing hands at $0.578, up over 9.6% in the past day.
Notably, XRP surged to a 24-hour high of $0.581. XRP’s trading volume is currently up over 134% in 24 hours, reaching a whopping $2.57 billion, according to CoinMarketCap data.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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