Important OKX Update That Concerns Ripple (XRP)

TL;DR

• Cryptocurrency exchange OKX is set to remove 17 trading pairs in two phases at the end of October.
• While the exact rationale wasn’t provided, OKX emphasized its routine review of the performance and listing qualifications of trading pairs.
• Despite XRP being part of the delisting, its price remains on the rise, recently hitting a two-month peak of around $0.58.

The leading cryptocurrency exchange – OKX – revealed that it will remove 17 spot trading pairs from its platform at the end of the month.

The delisting effort will happen in two phases, with the first one scheduled for October 27 and involving the following pairs: FODL-USDT, CHE-USDT, INT-BTC, INT-USDT, PNK-USDT, and MXT-USDT.

Three days later, OKX will remove XRP-OKB, SSV-USDC, DOT-ETH, COMP-BTC, UNI-ETH, KNC-BTC, ANT-BTC, MKR-ETH, CRV-ETH, LTC-OKB, and SUSHI-ETH. 

The exchange did not disclose the exact reason behind the move. However, it assured that it “constantly monitors the performance of all listed trading pairs and reviews their listing qualifications on a regular basis.”

“We will delist the above-mentioned trading pairs at the delisting times listed above. We advise users to cancel orders pertaining to these trading pairs before the delisting. Otherwise, the system will automatically cancel these orders,” OKX clarified.

Despite being added to the delisting spree, Ripple’s native token – XRP – remains unharmed. In fact, its price has been on a massive uptrend lately in resonance with the overall bullish mode of the cryptocurrency market.

As CryptoPotato reported earlier today (October 24), it reached a fresh two-month peak at approximately $0.58, with some analysts believing this is the start of a further rally. 

The popular X (Twitter) user “Dark Defender” envisioned that the bull run would not end before XRP hits $0.66 (a target unseen since the beginning of August).

Those willing to check whether the market is at a turning point and what are the coin’s chances for a significant spike in Q4, 2023 could take a look at our video below: