OKX announced the delisting of KISHU, MAX, MILO, MXC, and SSWP spot trading pairs, effective soon, from its trading platform.
This decision highlights the platform’s strategy for maintaining optimal liquidity and efficiency. Immediate market reactions reflect concerns about the assets’ market dynamics.
OKX Drops Five Pairs Due to Low Volume
OKX has decided to remove certain trading pairs due to insufficient trading volumes. KISHU, MAX, MILO, MXC, and SSWP spot pairs will no longer be offered. Delisting of trading pairs and token networks announcement by OKX
The crypto exchange has identified these assets as underperforming and will act in response. OKX believes delisting these will better allocate resources and trading bandwidth. “We constantly monitor the performance of all listed projects and review their listing qualifications on a regular basis. Based on the feedback from our users and following the OKX Token Delisting / Hiding Guideline, we will delist several projects that do not fulfill our listing criteria.”
Liquidity Concerns Rise Following Delisting Announcement
Market participants express concern about liquidity for these assets post-delisting. Some fear a sharp drop in asset values on other platforms. OKX to delist several spot trading pairs on July 25
This move could lead to increased focus on asset compliance with volumes exceeding necessary thresholds. Historical trends show minor declines in asset prices following similar delistings.
Analyzing the Impact of Past Delistings
Previous delistings on other platforms have resulted in decreased focus on lower-volume assets. Exchanges aim to optimize operational efficiency and liquidity. OKX margin futures perpetual swap delisting process standards explained
Experts from Kanalcoin suggest careful assessment of such assets’ market viability. Long-term market shifts could stem from exchanges focusing on performing assets.
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