OKX Delists and Suspends Privacy Tokens
OKX, the second-largest offshore exchange, has announced that it will delist and suspend several privacy tokens. Effective December 27, the exchange will delist tokens such as FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN, along with their corresponding trading pairs.
To implement these measures, OKX has already suspended deposits of the mentioned tokens since 8:00 am UTC on December 27, 2023. Users are advised to manage their assets promptly. Once the delisting process is completed, users can find their assets under Assets > Funding > Untradable assets.
In addition, OKX plans to suspend withdrawals of the specified tokens starting from 8:00 am UTC on March 5, 2024. Users are encouraged to take timely action to manage their assets in light of these changes.
OKX’s commitment to maintaining a resilient spot trading environment includes continuous monitoring and periodic reviews of listed trading pairs. As part of this commitment and based on user feedback and the OKX Token Delisting/Hiding Guideline, the exchange has decided to delist certain trading pairs that do not meet its strict listing criteria.
This proactive approach demonstrates OKX’s dedication to providing a high-quality and performance-oriented trading environment for its users. The exchange remains focused on optimizing its offerings and ensuring a secure and efficient spot trading experience.
OKX Recognized for Technical Innovation
OKX was honored with the ‘Best Technical Innovation Award’ at the Hong Kong Web 3.0 Annual Ceremony. The ceremony, hosted by Web3 media company Meta Era on December 21 in Hong Kong’s Cyberport, aimed to acknowledge individuals and companies driving the mass adoption of Web3 technologies.
The ‘Best Technical Innovation Award’ was presented to OKX by Meta Era, following the decision of a panel of Web3 industry experts and a global public vote. Frank Zhang, OKX HK Executive Director, accepted the award on behalf of OKX during the ceremony. This recognition highlights OKX’s unwavering commitment to pushing the boundaries of technological advancements in the Web3 space.
OKX has consistently demonstrated its dedication to innovation through the introduction of cutting-edge products and features. Notable examples include the Smart Account, which allows users to pay for gas with stablecoins using account abstraction technology. OKX has also pioneered the Ordinals Market, a Web3 platform designed for trading and inscribing BRC-20 and BTC NFTs. This award further solidifies OKX’s position as a leading force driving technological progress in the Web3 ecosystem.
Hot Take: OKX Takes Steps Towards Compliance
OKX, one of the largest offshore exchanges, has made significant moves to ensure compliance and maintain high standards in its trading environment. By delisting and suspending privacy tokens that do not meet its stringent listing criteria, OKX aims to provide users with a secure and efficient spot trading experience.
Furthermore, OKX’s recognition as the ‘Best Technical Innovation’ at the Hong Kong Web 3.0 Annual Ceremony showcases its commitment to pushing boundaries in Web3 technologies. With cutting-edge products like the Smart Account and Ordinals Market, OKX is at the forefront of innovation in the crypto industry.
Overall, these developments demonstrate OKX’s dedication to meeting user demands while complying with industry regulations and driving technological progress in the Web3 ecosystem.
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