OKX To Delist TRX Futures Contracts
Cryptocurrency exchange OKX has announced plans to discontinue the generation of TRX USDT-Margined and Crypto-Margined futures contracts, and will delist TRX futures contracts on September 30, 2023. The move is in response to current market trends and user needs, according to a statement released by OKX.
Considering the current market trends and user needs, OKX is planning to gradually discontinue the generation of TRX USDT-Margined and Crypto-Margined futures contracts, and will officially delist TRX futures contracts at 08:00 am UTC on September 30, 2023.…
— Wu Blockchain (@WuBlockchain) April 5, 2023
Delisting TRX Futures Contracts
As part of the plan, bi-weekly futures contracts will no longer be available from April 14, 2023, while bi-quarterly futures contracts will no longer be available from June 16, 2023. OKX stated that any futures contracts already listed will not be affected by the delisting.
The exchange has apologized for any inconvenience caused to users, while assuring them of its commitment to providing the best services. The delisting will affect web, app, and API users.
The announcement comes as the crypto market continues to experience significant volatility. Despite the recent dip in prices, cryptocurrency remains popular among investors who see it as an alternative to traditional investments such as stocks and bonds.
OKX is one of the world’s leading cryptocurrency exchanges, providing a platform for users to trade a variety of digital assets. The exchange has previously been embroiled in controversy, including a $5.6 million hack in 2018 and the suspension of withdrawals in 2020 due to concerns about the whereabouts of the exchange’s founder.
Changing Demands
The delisting of TRX futures contracts is the latest development in the ongoing evolution of the crypto market. As more investors enter the space and regulations become clearer, exchanges will continue to adapt their offerings to meet changing demands.
While the decision by OKX to delist TRX futures contracts may come as a disappointment to some users, it is ultimately a reflection of the exchange’s commitment to providing the best services in response to market trends and user needs. As the crypto market continues to evolve, it is likely that other exchanges will follow suit in adapting their offerings to meet changing demands.
