Crypto Exchange OKX Delists Major Privacy Tokens From the Platform

OKX, the second-largest offshore exchange, has made a significant announcement regarding the delisting and suspension of several privacy tokens. Effective December 27, the exchange will delist the following tokens: FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN, along with the corresponding trading pairs.

Delisting and Suspension of Privacy Tokens

As part of the measures, OKX has already suspended the deposits of the mentioned tokens starting from 8:00 am UTC on December 27, 2023. Users are urged to manage their assets promptly. Once the delisting process is completed, users can locate their assets under Assets > Funding > Untradable assets.

Furthermore, the exchange plans to suspend the withdrawal of the specified tokens starting from 8:00 am UTC on March 5, 2024. OKX has advised users to take timely action to manage their assets in light of these changes.

OKX disclosed its commitment to ensuring a resilient spot trading environment through continuous monitoring and periodic reviews of listed trading pairs. In alignment with user feedback and the OKX Token Delisting/Hiding Guideline, the exchange has decided to delist a number of trading pairs that fall short of its stringent listing criteria.

This proactive approach reflects OKX’s dedication to maintaining high standards and providing users with a trading environment that meets established criteria for quality and performance. The exchange said it remains focused on optimizing its offerings and fostering a secure and efficient spot trading experience for its users.

OKX Pushing Into Web 3.0

OKX secured the prestigious ‘Best Technical Innovation Award’ at the Hong Kong Web 3.0 Annual Ceremony. Hosted by Web3 media company Meta Era, the ceremony, which took place at Cyberport, Hong Kong, on December 21, aimed to acknowledge and celebrate the significant contributions of individuals and companies propelling the mass adoption of Web3 technologies.

Meta Era presented a total of 15 exclusive awards this year, with winners determined by a panel of Web3 industry experts and a global public vote. Frank Zhang, OKX HK Executive Director, accepted the ‘Best Technical Innovation Award’ on behalf of OKX during the ceremony. Furthermore, this accolade underscores OKX’s unwavering commitment to pushing the boundaries of technological advancements within the Web3 space.

OKX has consistently showcased its dedication to innovation through the introduction of cutting-edge products and features. Notable examples include the Smart Account, powered by account abstraction technology, allowing users to pay for gas with stablecoins. Additionally, OKX has pioneered the Ordinals Market, a Web3 platform designed for trading and inscribing BRC-20 and BTC NFTs. The award also reaffirms OKX’s position as a leading force driving technological progress in the Web3 ecosystem..

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.