OKX, one of the top crypto exchanges in the world, has chosen to delist several spot trading pairs. Among these pairs, the removal of XRP against OKB, the native coin of the OKX ecosystem, stands out as a notable removal. According to its official announcement, OKX is delisting these pairs to maintain a robust spot trading environment.
A Surprising Move
Although OKX says these trading pairs do not fulfill its listing criteria, this move has ignited questions about the future of XRP within the OKX ecosystem, leaving many investors and enthusiasts curious about the implications.
Read Also: Gemini Is Expressing Excitement about XRP. Another Major U.S. Listing Underway? Details
Colin Wu, a Chinese reporter behind WuBlockchain (@WuBlockchain), shared the news on X, adding that OKX’s goal is to optimize liquidity.
OKX announced that it will delist FODL-USDT, CHE-USDT, INT-BTC, INT-USDT, PNK-USDT, MXT-USDT, SSV-USDC, DOT-ETH, COMP-BTC, UNI-ETH, KNC-BTC, ANT -BTC, MKR-ETH, XRP-OKB, CRV-ETH, LTC-OKB, SUSHI-ETH spot pairs to optimize the liquidity. https://t.co/rchdyl3oCL
— Wu Blockchain (@WuBlockchain) October 24, 2023
OKB is an important part of the OKX ecosystem, as it provides valuable discounts to its holders with lower commissions. While XRP may no longer be paired with OKB, traders can buy and sell XRP through four other trading pairs on OKX, including XRP-USDT, XRP-USDC, XRP-BTC, and XRP-ETH.
CoinMarketCap lists OKX as the fifth largest crypto exchange by trading volume. This move to optimize liquidity could be an attempt to maintain or improve its standing among competitors.
The Delisted Spot Trading Pairs
OKX is delisting these pairs in two batches. The first will happen on October 27 between 8:00 and 8:30 a.m. UTC. The affected trading pairs are FODL-USDT, CHE-USDT, INT-BTC, INT-USDT, PNK-USDT, and MXT-USDT.
OKX will delist the second batch, which involves the XRP pair, on October 30 between 8:00 and 8:30 a.m. UTC. The pairs involved are SSV-USDC, DOT-ETH, COMP-BTC, UNI-ETH, KNC-BTC, ANT-BTC, MKR-ETH, XRP-OKB, CRV-ETH, LTC-OKB, and SUSHI-ETH.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: John Deaton Explains Why XRP Holders Need to Form Alliance With Coinbase Despite Delisting XRP
The exchange will remove certain trading pairs at specific times. OKX advises users to cancel any open orders related to these pairs before the delisting time to avoid automatic cancellation. Deposits for specific tokens (FODL, CHE, INT, PNK, and MXT) have been suspended since 8:00 a.m. UTC on October 20, 2023.
Withdrawals for the same tokens will be suspended starting from 8:00 a.m. UTC on December 30, 2023. OKX advises users to manage their assets before this suspension takes effect. OKX will also continue to monitor its trading pairs and may make further delisting or hiding decisions as needed.
XRP has had a unique journey in the past few years, after being delisted from exchanges because of the lawsuit and relisted after the court ruled in Ripple’s favor in July. However, this is just one underperforming trading pair and is not expected to negatively affect XRP.
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