OKX is delisting 11 trading pairs! How is your coin?
OKX recently issued an announcement stating that it will delist 11 spot trading pairs, including coins like ZERO, PRQ, IQ, ARTY, SAMO, as well as the stablecoin trading pair USDT/USDC. The delisting time is from 4 PM to 6 PM on June 4th, just two hours, and the action is quite swift!
Why are they delisting? The announcement mentioned that according to platform rules, it was monitored that these trading pairs might touch the delisting rules or pose high risks. In simple terms, either these coins are not actively traded, resulting in poor liquidity, or there might be some tricks involved, and the platform decided to delist them for everyone's safety.
What impact does this have on us ordinary investors? First, quickly check if you have any of these trading pairs. If you do, take action before the delisting, either withdraw your coins or exchange them for other coins. Secondly, this serves as a reminder for us to choose coins with good liquidity and high market recognition in the future, and not to buy random coins, as we might get stuck!
Delisting trading pairs is a good thing; it shows that the platform is serious about maintaining market order. But at the same time, we hope the platform can strengthen its review process to prevent these high-risk coins from being listed in the first place, thereby reducing investors' losses from the source. After all, everyone's money doesn't come easy; we should cherish it!
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