Bitcoin Exchange OKX Announces Delisting Numerous Altcoin Trading Pairs from Its Futures Platform! Details Here

Cryptocurrency exchange OKX has announced that it will be delisting some leveraged trading pairs from its platform. OKX Removes Leveraged Trading Pairs for Some Cryptocurrencies According to the statement made by the exchange, the trading pairs in question include CATI/USDT, NMR/USDT, ICX/USDT, DGB/USDT, MEME/USDT, JST/USDT and RVN/USDT. OKX stated that this step was taken to improve user experience and optimize the liquidity of trading markets. The exchange announced that it would suspend leveraged trading and forward borrowing/foreclosure services for the relevant pairs. It also stated that all open leveraged trading orders for the removed trading pairs would be canceled. Crypto exchanges regularly review market conditions and the performance of their trading pairs. Pairs with low liquidity or insufficient trading volume may be removed from the platform to mitigate user risk. While this decision taken by OKX was evaluated within the same framework, it was reported that it was deemed necessary for the security of users' investments. OKX warned users who had positions in the currency pairs to be delisted to manage their risks and advised them to close their trades before the specified date. With the recent increase in volatility in the crypto markets, many major exchanges are similarly delisting low-volume pairs. OKX's move is also among the steps aimed at increasing transaction security in the market. This development may cause investors to reconsider their leveraged trading strategies. *This is not investment advice. Continue Reading: Bitcoin Exchange OKX Announces Delisting Numerous Altcoin Trading Pairs from Its Futures Platform! Details Here