The Delisting of Trading Pairs by OKX
The crypto-exchange OKX has announced that it will be delisting several spot trading pairs, including Monero (XMR), Dash (DASH), and others. The delisting is scheduled to take place between January 4th and 5th, 2024. Users are advised to cancel any orders related to these cryptocurrencies before the delisting date. Failure to do so will result in automatic cancellation by the system. Once the delisting is official, users will not be able to retrieve their assets.
Reasons for Delisting
OKX has stated that these spot trading pairs no longer meet its listing criteria. The exchange continuously monitors the performance of all listed trading pairs and reviews their qualifications regularly. After removing Monero, Dash, and Zcash, OKX will continue to monitor the other listed trading pairs using the same criteria.
Price Performance of XMR and DASH
Monero (XMR) has not experienced the same level of growth as other major cryptocurrencies. Its value is currently at $173, representing a 4% increase compared to a month ago. The price chart for XMR shows a bullish trend but with fluctuations. On the other hand, Dash (DASH) has seen a recovery in its price. It is currently valued at $35, up 12% from a month ago but still far from its annual high of $74 in February 2023.
Hot Take: OKX Cleans Up Its Trading Pairs
The crypto-exchange OKX has made the decision to delist several spot trading pairs, including Monero and Dash. This move aims to maintain a solid spot trading environment by removing pairs that no longer meet OKX’s listing criteria. Users are advised to cancel any orders related to these cryptocurrencies before the delisting date to avoid automatic cancellation. OKX will continue to monitor and review all listed trading pairs using the same method. The price performance of Monero and Dash has been mixed, with Monero experiencing minimal growth and Dash undergoing a recovery phase.
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