Cryptocurrency exchange OKX has announced the delisting of 17 spot trading pairs, including XRP/OKB, effective by the end of October 2023. This decision aligns with OKX's strategy to enhance platform liquidity and maintain stringent listing standards. Here’s a detailed breakdown:
Why Is OKX Delisting These Trading Pairs?
OKX cited three primary reasons for the delisting:
- Improving the Spot Trading Environment: Ensuring optimal market conditions for users.
- Upholding Listing Requirements: Regularly reviewing pairs that fail to meet performance benchmarks.
- Optimizing Liquidity: Removing low-volume pairs to concentrate resources on high-demand markets.
Affected Trading Pairs
The delisting occurs in two phases:
- October 27:
FODL-USDT, CHE-USDT, INT-BTC, INT-USDT, PNK-USDT, MXT-USDT - October 30:
SSV-USDC, DOT-ETH, COMP-BTC, UNI-ETH, KNC-BTC, ANT-BTC, MKR-ETH, XRP-OKB, CRV-ETH, LTC-OKB, SUSHI-ETH
Users must cancel open orders for these pairs before the deadlines to avoid automatic system cancellations.
XRP’s Market Performance Post-Announcement
Despite the delisting, XRP’s price remained resilient:
- 24-Hour High: $0.581 (16% increase).
- Current Price (at time of writing): $0.5451.
This stability suggests minimal market impact from OKX’s decision.
👉 Explore XRP’s real-time price trends
Supported XRP Pairs on OKX
OKX continues to support four other XRP spot trading pairs:
- XRP/BTC
- XRP/USDC
- XRP/USDT
- XRP/ETH
The delisted XRP/OKB pair had a modest weekly turnover of 46,589 XRP—significantly lower than high-volume pairs like XRP/USDT on Binance.
FAQ Section
Why did OKX delist XRP/OKB?
The pair failed to meet OKX’s liquidity and trading volume thresholds, prompting its removal to streamline the platform’s offerings.
Will OKX delist other XRP pairs?
No. XRP/BTC, XRP/USDC, XRP/USDT, and XRP/ETH remain active, reflecting their stronger market demand.
How should users respond?
Cancel any open orders for the affected pairs before the deadlines to avoid automatic cancellations.
Key Takeaways
- OKX’s delisting reflects a broader industry trend toward optimizing exchange resources.
- XRP’s price stability indicates strong investor confidence beyond individual exchange actions.
- Users are advised to diversify holdings across supported pairs to mitigate future delisting risks.
For ongoing updates, visit OKX’s official announcements.