OKX Delisting XRP and LTC Futures: What You Need to Know
OKX, a prominent cryptocurrency exchange, recently announced its plans to phase out XRP and LTC USDT-margined and crypto-margined expiry futures. This decision aims to simplify their futures offerings and better cater to user needs in a rapidly evolving market. Here’s everything you need to know about this delisting:
Details of the Delisting Schedule
OKX has laid out a clear schedule for the delisting of XRP and LTC futures:
- The discontinuation of bi-weekly expiry futures generation will begin on June 21, 2024.
- Bi-quarterly expiry futures will cease to be generated from September 27, 2024.
- Existing futures contracts will remain active until their respective expiration dates.
Impact on Users and Platforms
This delisting will impact all OKX users across web, app, and API platforms. The official removal of XRP and LTC expiry futures is scheduled for 8:00 am UTC on December 27, 2024. Users with open positions in these futures are advised to plan accordingly as expiration dates draw near.
Market Trends and User Needs
OKX’s decision to delist these futures contracts is in line with industry trends and user preferences:
- Adapting to the changing market landscape.
- Enhancing user experience by streamlining available futures options.
By offering a more focused and user-friendly trading environment, OKX aims to meet the evolving demands of its users.
Connect with Support
For further assistance or queries, users can reach out to the official OKX support center or engage with the community through various platforms.
It’s worth noting that OKX’s decision reflects a broader industry trend where cryptocurrency exchanges regularly review and adjust their offerings to align with market dynamics and regulatory requirements.
Image source: Shutterstock
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