In the rapidly evolving cryptocurrency landscape, the crypto community has witnessed a continuous surge in investors. However, due to regulatory uncertainty, fake projects can create trouble for new investors. To address this, OKX, the second-largest offshore exchange, recently announced that it will delist almost all privacy tokens to maintain investor safety.
OKX’s tokens monitoring and review process
According to a recent blog post shared by OKX on December 29, 2023, the exchange consistently monitors all listed trading pairs and regularly reviews their listing qualifications. Additionally, it considers user feedback in its delisting decisions. This time, OKX identified several trading pairs that do not meet its listing criteria and will delist them.
The affected trading pairs include KSM-USDC, FLOW-USDC, JST-USDC, KNC-USDC, ANT-USDC, FSN-USDT, ZKS-USDT, CAPO-USDT, CVP-USDT. These pairs will be delisted on January 4, 2024. Other pairs, including XMR-BTC, XMR-ETH, XMR-USDT, XMR-USDC, DASH-BTC, DASH-USDT, ZEC-BTC, ZEC-USDT, ZEC-USDC, ZEN-BTC, ZEN-USDT, will be delisted on January 5, 2024.
OKX urges its users to cancel any open orders related to these trading pairs before the delisting times. Failure to do so may result in automatic order cancellations, a process that could take 1-3 working days.
Withdrawal suspension and action required
Deposits for the previously mentioned tokens (FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN) have been suspended since 8:00 am UTC on December 27, 2023. Users are advised to manage their assets.
On the other hand, withdrawals for the same tokens will be suspended starting from 8:00 am UTC on March 5, 2024. Users are encouraged to take timely action to manage their assets accordingly. Following the completion of the delisting process, users can locate their assets under “Assets > Funding > Untradable assets.”
OKX reassures users that queries about this delisting update are welcome and can be directed to OKX through the support center or any preferred communication platform. The platform highlights its commitment to monitoring all listed trading pairs and implementing necessary delisting actions.
