Cryptocurrency Exchange OKX has announced that it will list several leveraged trading pairs from its platform.
OKX removes leveraged trading pairs for some cryptocurrencies
According to the exchange's statement, the trading pair in question includes CATI/USDT, NMR/USDT, ICX/USDT, DGB/USDT, MEME/USDT, JST/USDT and RVN/USDT.
OKX said this step was taken to improve the user experience and optimize liquidity in the trading market.
The exchange has announced that it will suspend leveraged trading and forward borrowing/foreclosure services for the associated pair. It also said that all open-levered trading orders for deleted trading pairs will be cancelled.
Crypto exchanges regularly review market conditions and trading pair performance. You can remove low-liquidity or insufficient trading volume pairs from the platform to mitigate user risk.
This decision made by OKX was evaluated within the same framework, but was reported to be deemed necessary for the security of users' investments.
OKX warned users with positions in the currency pair to be delisted to manage risk and advised to close the transaction by the specified date.
With the recent increase in volatility in the crypto market, many major exchanges have listed low-capacity pairs as well. OKX's move is one of the steps aimed at increasing trading security in the market.
This development could potentially lead investors to rethink their utilised trading strategies.
*This is not investment advice.
