Cryptocurrency exchange OKX has made a significant announcement regarding the delisting of more than 20 trading pairs, with a view towards its ongoing maintenance of strict listing criteria and performance monitoring. This decision will impact a considerable number of trading pairs across various cryptocurrencies, with the process scheduled to commence later this week.OKX outlined details of this recent trading pair purge in a <a href="https://www.okx.com/help/okx-to-delist-several-spot-trading-pairs-11-6" rel="noopener noreferrer nofollow">statement</a> published to its website on Monday. Among the trading pairs set for removal are CELO-USDC, AXS-USDC, APE-BTC and the HNT-USDT trading pair, which will be delisted on Nov. 10. Notably, Bytom (BTM), a Chinese crypto project, which has experienced a substantial 46% <a href="https://www.coingecko.com/en/coins/bytom" rel="noopener noreferrer nofollow">drop</a> in value since Monday, is also among the tokens to be delisted.The exchange is advising users to manage their assets accordingly in preparation for the changes. Withdrawals for these tokens will cease on Jan. 10, 2024. During this transitional period, OKX recommends that users cancel any open orders linked to the impacted trading pairs to avoid automatic cancellations, which could result in processing delays.<h2 id="header-0">SAITAMA delisting</h2>Deposits for the affected tokens, including HNT, BTM, and SAITAMA, were halted by OKX on Nov. 3. SAITAMA, an Ethereum-centric ERC20 token, is the primary payment medium on the Saitama platform. There were mixed reactions to the delisting of the coin. One community member took to X, <a href="https://x.com/SikWitIt562/status/1721700876451201343?s&#61;20" rel="noopener noreferrer nofollow">stating</a>:“I will say I do think it isn’t cool for OKX to delist #Saitama considering we didn’t get on there for the reasons specified of delisting. The listing was won through hours of Spaces and helping people get VPNs to win a contest. Regardless of what the market is doing we won fairly.”Another Saitama project supporter took a more pragmatic view, <a href="https://x.com/AlessioMarrocc4/status/1721584911977476572?s&#61;20" rel="noopener noreferrer nofollow">stating</a>:“Delisting Is a tragedy? I don’t think so. What did the OKX listing for the token price? What is the difference between holding or selling with or without okx? Volume was too low, and this isn’t a news, so they will delist. They will relist again….#SAITAMA”OKX has embarked upon several initiatives over the course of 2023 in an effort to further the user proposition offered by the platform. From a marketing perspective, the company took the <a href="https://medium.com/&#64;coinness.gl/ok-group-retires-okcoin-brand-f55bcc727f2e" rel="noopener noreferrer nofollow">decision</a> in October to retire the Okcoin brand, rebranding its various sub-platforms instead to OKX.The Seychelles-incorporated company <a href="https://medium.com/&#64;coinness.gl/okx-enters-final-stages-of-securing-vasp-license-in-hong-kong-b69c406f0315" rel="noopener noreferrer nofollow">indicated</a> in September that it expects to have secured a virtual asset service provider (VASP) license in Hong Kong by June of next year.<h2 id="header-1">Delisting banks</h2>Tokens are not the only items to be delisted by the exchange recently. Alongside competitor Bybit, the company <a href="https://medium.com/&#64;coinness.gl/okx-and-bybit-exclude-sanctioned-russian-banks-from-p2p-services-2bc2a6b2fe84" rel="noopener noreferrer nofollow">decided</a> to delist sanctioned Russian banks Tinkoff Bank and Sberbank from its peer-to-peer exchange platform.This move by OKX reflects the exchange’s efforts towards maintaining a high level of integrity and performance. Listing coins that fall below a minimum acceptable level of liquidity and trading volume can leave them much more exposed to the risk of manipulation. By adhering to stringent listing criteria and promptly addressing issues, the company is making a greater effort towards maintaining a position as a trusted and secure trading platform for cryptocurrency enthusiasts and investors.

OKX announces delisting of 26 trading pairs

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