Cryptocurrency exchange OKX announced the delisting of six altcoins, including FITFI, GARI, and XPR, as part of optimizing the trading environment and improving user experience.
OKX Delists Altcoins
According to OKX's announcement, six altcoins will be delisted from the USDT pair after specific reviews. The exchange’s statement was as follows: > "To create a healthy digital asset environment in the blockchain industry, optimize the liquidity of trading pairs, and provide users with a good trading experience, the OUYI risk control department has conducted comprehensive market monitoring and progress tracking of the trading pairs launched on the platform in accordance with the 'OUYI TOKENs and Offline Trading Pairs Hiding Rules.' Additionally, based on complaints and feedback from most users, trading pairs that violate offline rules and may be high-risk will be taken offline." The specific trading pairs in question this time are: FITFI/USDT, GARI/USDT, XPR/USDT, AKITA/USDT, TAMA/USDT, WNCG/USDT.
Altcoin Prices
Following the announcement, the prices of the mentioned altcoins changed. The price of StepAPP (FITFI) dropped by 2% to $0.002923. GARI experienced a significant decline, falling by 17% to $0.007658. XPR also saw a decrease, trading at $0.000798 at the time of writing.
Market Reactions
The price of AKITA also declined to $0.00000001122. Despite the news, TAMA remained neutral, with a 0.02% drop in the last 24 hours, bringing its value to $0.001603. WNCG was trading at $0.0465 after a 1% drop.
The delisting of altcoins on OKX is aimed at improving liquidity and security on the exchange platform. The market's reaction to these changes varied, reflecting investor expectations and overall market sentiment.
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