OKX Shakes Up Cryptocurrency Markets: Destroys Major Privacy Token Amid Regulatory Review
cryptocurrency exchange great, The company, one of the leading offshore trading platforms, has taken the important decision to delist and suspend various privacy tokens. The move, effective from December 27, will result in the removal of several tokens and their trading pairs from the platform, including FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC and ZEN.
Delisting measures and asset management for users
As part of this decision, OKX has already suspended deposits of these tokens from December 27, 2023 and urged users to manage their assets quickly. Once the delisting process is complete, users can find the asset in the ‘Assets > Funding > Non-Tradable Assets’ section. Additionally, the exchange plans to stop withdrawals of these tokens from March 5, 2024. Following these changes, OKX advised users to take timely asset management measures.
Commitment to high standards and trading experience
OKX emphasized its commitment to maintaining a strong spot trading environment by continuously monitoring and reviewing listed trading pairs. Based on user feedback and OKX token delisting/hiding guidelines, the exchange has decided to delist certain trading pairs that do not meet the strict listing criteria. This proactive stance highlights OKX’s commitment to ensuring a high-quality trading environment that meets specific standards for performance and reliability, and prioritizing user security and efficiency in the trading experience.
Also Read: OKX’s 5 Essential Standards for Cryptocurrency Token Listing
OKX’s Web 3.0 achievements and focus
Recently, OKX won the esteemed ‘Best Technology Innovation Award’ at the Hong Kong Web 3.0 Annual Awards held at Hong Kong Cyberport on December 21. Hosted by Web3 media company Meta Era, the awards aimed to recognize outstanding contributions to the public. Adoption of Web3 technology. OKX HK Managing Director Frank Zhang accepted the award on behalf of OKX, highlighting the platform’s commitment to technological advancement in the Web3 space.
This recognition further solidifies OKX’s status as a pioneering force driving technological advancement within the Web3 ecosystem. The exchange continues to innovate through the introduction of cutting-edge products such as Smart Accounts based on account abstraction technology, BRC-20, and Ordinals Market, a Web3 platform for BTC NFT trading and deposits. OKX continues to drive technological advancements to further enhance the Web3 experience for users.