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Highlights
- OKX introduces new USDC spot trading pairs on October 17, 2024.
- OKX will delist several USDT and USDC pairs for BLOCK, UTK, AST, SIS, WXT, and WIFI on October 24, 2024.
- The exchange will adjust future contracts' minimum quantities and step sizes on October 22.
OKX crypto exchange announced a new lineup of trading pairs involving Shiba Inu’s BONE, EIGEN, and TURBO tokens. These tokens will be available for trading with USDC, a stablecoin that is known to be pegged with the US dollars. The announcement is in line with the exchange’s attempts to integrate more options to the USDC ecosystem for the users.
Other tokens such as OMI, FLM, ID, JOE, BORING, SWFTC, and PENDLE are also involved in this update, will be executed between 9:00 and 10:00 GMT on the 17th of October, 2024.
Shiba Inu’s BONE and TURBO Get Listed as OKX Delists Block, UTK, and More
OKX will launch new USDC spot trading pairs on October 17, 2024. This move will enhances trading flexibility and provides traders with a variety of options. The new pairs for Shiba Inu’s BONE and TURBO along with EIGEN indicate a diversification effort to include trending altcoins.
Similarly, while expanding its list of the trading pair like BONE of Shiba Inu, OKX will also remove some low-performance tokens, including BLOCK, UTK, AST, SIS, WXT, WIFI, from its list. This change, taking place on the 24th of October, 2024 at 08:00 a.m. to 08:30 a.m. UTC, will further improve the crypto exchange trading environment.
Moreover, the exchange move reflects the platform’s commitment to maintaining a high-quality user trading experience. The specific pairs being removed from the exchange include BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, and WIFI/USDC.
This decision follows the exchange’s policy to maintain a robust trading environment and streamline the offerings based on user feedback.
Adjustments in Futures Contracts
As part of its ongoing efforts to optimize trading conditions, the exchange will also adjust the minimum order quantities and step sizes for its futures contracts. This update is scheduled for 6:00 am-8:00 am UTC on October 22, 2024. The adjustments include changes in perpetual and expiry futures to reduce costs and improve order placements.
The adjustments will affect popular trading pairs such as TURBO/USDT, where the minimum order quantity will change from 1 contract (10,000 coins) to 0.1 contract (1,000 coins). These changes will provide traders with more control over their trading strategies.
More so, traders will adjust their strategies and seek information of all trading rules and available pairs updates. For those impacted by the delisting, the exchange has provided guidelines on order cancellation and asset management.
These developments come amid OKX’s expansion of its offerings in the UAE, including derivatives trading for qualified investors.
Following the listing, Shiba Inu’s BONE price is $0.41, showing a 1.59% surge in the last seven days. The token’s trading volume surged to $4.8M over the last 24 hours, reflecting heightened investor interest.
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