In a routine effort to uphold market quality and protect its users, OKX periodically reviews all listed trading pairs against its stringent performance and compliance criteria. Following this process, the exchange has announced the delisting of specific spot trading pairs that no longer meet these standards.
This article provides a comprehensive overview of the affected pairs—DOME/USDT and FAME/USDT—along with critical dates, user actions required, and important considerations for managing assets during this transition.
Affected Trading Pairs and Key Dates
The delisting process involves several key stages, each with specific deadlines that users must observe to manage their assets effectively.
- Trading Pair Removal: The DOME/USDT and FAME/USDT spot trading pairs will be officially delisted between 8:00 am and 8:30 am UTC on January 12, 2024.
- Deposit Suspension: Deposits for the DOME and FAME tokens were suspended starting 8:00 am UTC on January 4, 2024.
- Withdrawal Suspension: The ability to withdraw DOME and FAME tokens will be suspended starting 8:00 am UTC on March 12, 2024.
Essential Actions for Users
To ensure a smooth experience and avoid any automatic system interventions, users holding these assets are advised to take the following steps promptly.
Before Delisting (January 12, 2024)
It is crucial to manage any open orders for the affected pairs before the scheduled delisting time. Users must manually cancel any existing orders for DOME/USDT or FAME/USDT. If orders are not canceled by the user, the system will automatically cancel them after delisting, a process that may take 1-3 business days to complete.
After Delisting
Once the trading pairs have been removed, any remaining DOME or FAME tokens in a user's account will no longer be tradable on the spot market. Users can locate these assets under Assets > Funding > Untradable assets within their OKX account.
Users who wish to dispose of their holdings should do so before the trading halt. For those who miss the trading window, the final opportunity to retrieve value is by withdrawing the tokens to another supporting wallet or exchange before the withdrawal deadline in March. It is highly recommended to explore more strategies for managing dormant or untradable assets effectively.
Understanding Exchange Delistings
The delisting of trading pairs is a standard practice across major cryptocurrency exchanges. It is a health mechanism for maintaining a vibrant and secure trading ecosystem by removing assets that may have low liquidity, declining trading volume, or potential compliance issues.
OKX follows a transparent set of internal guidelines to make these determinations, prioritizing the safety and satisfaction of its user base. This proactive approach helps mitigate risks and ensures the platform offers only high-quality, viable trading options.
Frequently Asked Questions
What happens if I don't cancel my orders before the delisting?
If you do not manually cancel your open orders for DOME/USDT or FAME/USDT, the OKX system will automatically cancel them for you during the delisting process. Please note that this automatic cancellation may take between 1 to 3 working days to fully complete across all systems.
Where can I find my DOME or FAME tokens after they are delisted?
After the delisting is complete, any DOME or FAME tokens you hold will be moved to a special section of your funding account. You can access them by navigating to Assets > Funding > Untradable assets in your OKX account dashboard.
Can I still deposit DOME or FAME tokens to OKX?
No, deposit functionality for both DOME and FAME tokens was suspended on January 4, 2024. Any attempts to deposit these tokens to your OKX wallet after this time will not be successful.
What is the final date I can withdraw my tokens?
The last day to withdraw DOME and FAME tokens from your OKX account is March 12, 2024. After 8:00 am UTC on this date, the withdrawal function for these specific assets will be permanently disabled on the platform.
Why does OKX delist trading pairs?
Exchanges delist pairs to maintain a healthy trading environment. Common reasons include low liquidity, insufficient trading volume, project inactivity, or a failure to meet the exchange's evolving compliance and security standards, all of which are detailed in the platform's official guidelines.
Will OKX delist other tokens in the future?
Yes, OKX continuously monitors all listed trading pairs and will periodically delist others as part of its ongoing market maintenance. Users should regularly check official announcements from the exchange to stay informed about any future changes.
Risk Disclaimer and Final Notes
Trading digital assets involves significant risk due to high volatility and potential illiquidity. The decision to trade or hold any asset, especially those facing delisting, should be based on your own thorough research and risk assessment.
The information provided here is for educational purposes only and does not constitute financial advice. OKX does not guarantee the accuracy of information from third-party sources and is not liable for any trading losses. Always refer to the official OKX Terms of Service and Risk Disclosure documents for comprehensive details.
For further assistance regarding this delisting, users can contact OKX support directly through the official website. To stay updated on all exchange operations and announcements, you can view real-time updates on their platform.