OKX Cryptocurrency Exchange revealed plans to delist trading pairs for several crypto tokens, including Cardano (ADA), Shiba Inu (SHIB)and XRP. This comes after a performance review by the cryptocurrency exchange found that these trading pairs were failing to meet expectations.
OKX is going to delist these trading pairs
OKX announced in blog post that it will delist spot trading pairs for ADA-ETH, XRP-ETH, SHIB-BTC, ADA-BTC, and XRP-BTC, among others. Other crypto tokens such as Litecoin (LTC), Polygon (MATIC), Chain link (LINK), Dogecoin (DOGE)and Polkadot (DOT) have also found themselves in trouble, with OKX also revealing plans to delist some of the currency pairs associated with these tokens.
The cryptocurrency explained that the move was part of its regular monitoring and review of all listed trading pairs in order to “maintain a robust spot trading environment.” OKX said it made the decision to delist these trading pairs because they do not meet the criteria for listing. However, cryptocurrency exchange did not mention the exact circumstance or factor justifying such action.
Meanwhile, OKX has set a date and time when these spot trading pairs will be delisted. ADA-ETH The spot trading pair will be delisted from trading on July 25 between 8 and 8:30 AM UTC (Coordinated Universal Time). The XRP-ETH and SHIB-BTC spot trading pairs will be delisted from trading on July 26 between 8 and 8:30 AM UTC.
Meanwhile, the ADA-BTC and XRP-BTC currency pairs will be delisted on August 1 and 2 between 8:00 and 8:30 UTC, respectively. OKX advises clients cancel orders for these pairs before the delisting date. The system will automatically cancel these orders for those who fail to do so, although the exchange noted that cancellations can take 1 to 3 business days.
OKX launches Telegram-based game
OKX has been very busy lately as the cryptocurrency exchange tries to outdo its competitors in the industry and gain greater market share. With the launch of the “OKX Racer” OKX recently became the first major stock exchange to issue Game in the Telegram mini-appAs announced, the game focuses on the price movement of Bitcoin as players will have to correctly guess the price movement of the flagship cryptocurrency in five-second intervals.
Jason Lau, Chief Innovation Officer at OKX, highlighted the growing popularity Telegram Mini-App Platform and how it’s becoming a “can’t-miss” place for those looking to get involved in the cryptocurrency community. He said his company wants to take this user-friendly approach to “nurture communities, encourage participation, and encourage fun.”
These Telegram mini-apps became popular due to the potential token airdrops that these platforms could then distribute to players, similar to Notcoin’s NOT airdrop campaign. However, Lau did not say whether the cryptocurrency exchange also plans to incentivize players through this airdrop model.
Featured image created with Dall.E, chart from Tradingview.com
