OKX to delist WAVES to ‘to maintain a robust spot trading environment’

The management of the OKX cryptocurrency platform has decided to delist some trading pairs.

According to an official statement of the exchange representatives, OKX plans to delist several trading pairs including WAVES/USDC and WAVES/USDT on Feb. 8. The exchange said that the excluded from the listing do not meet the service’s listing criteria.

OKX assured us that they are trying to create an optimal trading environment on the platform and are constantly monitoring the performance of all digital assets presented on the service. Based on internal delisting guidelines and customer communications, the decision was made to remove the specified trading pairs from the list.

The Waves project token (WAVES) price did not react in any way to the exchange announcement. However, WAVES trading volumes fell by almost 12% to $28.2 million, according to CoinMarketCap.

OKX to delist WAVES to 'to maintain a robust spot trading environment' - 1
Source: CoinMarketCap

Waves is a blockchain-based platform for creating and exchanging digital assets. It was created by Russian developer Sasha Ivanov in 2016. The platform allows users to create their tokens and issue them.

However, Waves attracted the attention of the cryptocurrency community for another reason. The scandalous stablecoin of the USDN project lost its peg to the dollar five times in 2022 until a year ago when the developers announced a restart of the Waves ecosystem. The project founder later reversed this decision, stating that he intended to focus on the existing project.

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