On June 20, 2025, OKX, a major cryptocurrency exchange, will remove eight altcoins from its spot trading services. This decision follows a routine review process and has triggered notable price movements across the affected digital assets. Here’s a detailed look at the tokens involved, the reasons behind the delisting, and how the market has responded.
Which Cryptocurrencies Are Being Delisted?
OKX officially announced the removal of the following eight cryptocurrencies:
- Alchemix (ALCX)
- NULS (NULS)
- Measurable Data Token (MDT)
- BORA (BORA)
- Cortex (CTXC)
- Nano (XNO)
- Venom (VENOM)
- DappRadar (RADAR)
Trading for these tokens against USDT and USD pairs will be discontinued. The exchange emphasized that this action is part of its ongoing effort to uphold high standards of market quality and security for its users.
Why Did OKX Decide to Delist These Tokens?
According to OKX, the delisting stems from a periodic evaluation of all listed assets. The exchange uses internal guidelines and considers user feedback to identify tokens that no longer meet its listing criteria. The primary goal is to ensure a trustworthy and efficient trading environment.
The official statement noted:
“To maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications regularly. Based on feedback from users and the OKX Token Delisting / Hiding Guideline, we will delist several trading pairs that do not fulfill our listing criteria.”
Important Dates and User Instructions
OKX has outlined a clear timeline for the delisting process:
- June 16, 2025 (8:30 AM UTC): Deposit services for the affected tokens were suspended.
- June 20, 2025 (8:00–10:00 AM UTC): Spot trading for the mentioned pairs will be halted.
- September 20, 2025 (8:00 AM UTC): Withdrawal services for these tokens will be disabled.
Users are advised to cancel any open orders for these trading pairs before June 20. The system will automatically cancel any remaining orders, a process that may take one to three business days.
How the Market Reacted to the News
The announcement had an immediate and strong impact on the prices of most delisted tokens. NULS experienced the most significant decline, plummeting 41.8% shortly after the news. Although it recovered slightly, it was still down 36.5% at the time of reporting. This is consistent with NULS’s longer-term trend, which has seen a 92.4% decrease over the past year.
Other tokens also saw declines:
- Cortex (CTXC) dropped by 11.8% before partially recovering to a 3.5% loss.
- DappRadar (RADAR) and Measurable Data Token (MDT) fell by 5.6% and 4.2%, respectively.
- BORA (BORA) and Venom (VENOM) recorded smaller losses of 2.0% and 1.5%.
Most of these assets showed some degree of recovery after the initial shock.
Interestingly, not all affected tokens responded negatively. Alchemix (ALCX) dipped initially by 1.4% but soon rebounded, posting a gain of 0.8%. Nano (XNO) appeared entirely unshaken, continuing its upward trend with a 1.3% increase at the time of writing.
What This Means for Investors
Delistings from major exchanges often lead to reduced liquidity and limited market access, which can negatively impact token prices. However, as seen with XNO and ALCX, strong project fundamentals or positive market sentiment can sometimes outweigh these effects.
It is crucial for investors to stay informed about exchange policies and regularly monitor the assets in their portfolio. Understanding the reasons behind a token’s removal can provide valuable insights into its potential risks or strengths.
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Frequently Asked Questions
Why do exchanges like OKX delist cryptocurrencies?
Exchanges periodically review listed tokens to ensure they meet updated standards for security, liquidity, project activity, and regulatory compliance. Tokens that fail to meet these criteria are removed to protect users and maintain market integrity.
What should I do if I hold a token that is being delisted?
If you hold a token that is being delisted, you should cancel any open orders and consider selling or withdrawing the asset before trading and withdrawal services are discontinued. Always check the official exchange announcements for specific deadlines.
Can a delisted token be relisted in the future?
Yes, a delisted token can be relisted if it significantly improves its compliance, market performance, or project development. However, this is not guaranteed and depends on the exchange’s evaluation.
How does delisting affect the long-term value of a cryptocurrency?
Delisting often reduces a token’s visibility, trading volume, and accessibility, which can negatively impact its price. However, tokens with strong community support or unique use cases may recover if they find listing opportunities on other platforms.
Were all the delisted tokens poor performers?
Not necessarily. While some tokens like NULS showed consistent declines, others like Nano (XNO) were performing well despite the delisting news. Each token’s market performance depends on various factors beyond exchange listing status.
Where can I stay updated on future delisting announcements?
Most exchanges publish delisting notices on their official websites or blogs. Subscribing to exchange announcements or following reputable crypto news sources can help you stay informed.