Crypto exchange OKX to delist three dozen BTC, ETH trading pairs

Cryptocurrency exchange OKX said it will remove more than 30 trading pairs tied to Bitcoin and Ethereum from its exchange in an effort to “optimize liquidity.”

International cryptocurrency exchange OKX is ending support for over 30 trading pairs linked to Bitcoin (BTC) and Ethereum (ETH) after conducting “extensive market monitoring.”

The cryptocurrency trading platform announced in a blog post on July 30 that it will be gradually delisting 38 trading pairs, with the first batch starting on July 25.

The process of exiting the stock exchange will work as follows:

LTC/ETH, MATIC/BTC, ADA/ETH, FIL/ETH, LINK/ETH, OKB/ETH, HBAR/BTC, EOS/ETH, QTUM/BTC, GRT/BTC (on July 25). ATOM/ETH, XCH/BTC, MKR/BTC, NEO/BTC, OKT/ETH, OKT/BTC, ADA/BTC, FIL/BTC, NEAR/BTC, LINK/BTC, DOT/BTC, UNI/BTC, ETC/BTC, ATOM/BTC, EOS/BTC (on August 1). AVAX/BTC, CRV/BTC, TRX/BTC, CHZ/BTC, AAVE/BTC, XLM/BTC, CRO/BTC, XRP/BTC, DOGE/BTC (on August 2).

OKX advised users with active orders on these pairs to cancel their orders before the specified delisting times. The platform will automatically cancel any remaining orders after the deadline; this process can take up to three business days.

The decision to delist these pairs comes on the heels of OKX withdrawing its application for a Virtual Asset Service Provider (VASP) license from Hong Kong two months ago, a move the company did not elaborate on. Additionally, OKX ceased operations in Nigeria in mid-July, citing changes in local regulations.

Regarding the latest move, OKX emphasized that it will continue to monitor and enforce trading pair listings in accordance with the “Token Cloaking and Trading Pairs Delisting Rules.”