To ensure a high-quality and secure trading environment, we continuously monitor and evaluate all listed trading pairs. This regular review process is crucial for maintaining market integrity and protecting user interests. After a comprehensive assessment based on user feedback and our established token guidelines, certain trading pairs that no longer meet our stringent listing standards will be removed from the platform.
The affected trading pair is PLS/USDT.
Important Dates and Timeline for PLS Delisting
Delisting of Spot Trading Pair
The PLS/USDT spot trading pair will be officially delisted from the platform between 8:00 am and 8:30 am UTC on August 31, 2023. We strongly recommend that all users cancel any open orders for this pair prior to this time. Any remaining orders will be automatically canceled by the system. Please note that this automatic cancellation process may take between one to three business days to complete.
Following the completion of the delisting, any remaining PLS tokens in your account will be moved to the "Untradable Assets" section. You can access them by navigating to Assets > Funding > Untradable assets.
Suspension of PLS Deposits
Deposit services for the PLS token were suspended starting at 8:00 am UTC on August 23, 2023. Users are advised to manage their assets accordingly and avoid attempting to deposit PLS tokens to the platform.
Suspension of PLS Withdrawals
The withdrawal service for PLS tokens will be suspended starting at 8:00 am UTC on October 31, 2023. This provides a two-month window after the trading halt for users to withdraw their assets from the platform. We urge users to complete all necessary withdrawals before this deadline.
After this date, withdrawals of PLS will no longer be processed. For a secure and straightforward process to manage your digital assets during such transitions, you can explore reliable withdrawal solutions.
Our Ongoing Listing Review Process
We are committed to providing a trustworthy trading ecosystem. Our team consistently reviews all listed assets and trading pairs to ensure they continue to meet our high standards for quality, security, and liquidity. This delisting/hiding mechanism is a standard part of our risk management and market surveillance practices.
Should you have any questions or require further clarification regarding this delisting, our support team is ready to assist you.
Understanding Token Delistings
A token delisting is the process by a cryptocurrency exchange removes a digital asset from its trading platform. This decision is typically made after a thorough review indicates that the asset no longer meets the exchange's required criteria, which can include trading volume, liquidity, project development activity, commitment to regulatory compliance, and overall user interest.
Delistings are a common practice in the dynamic crypto industry and serve to protect investors from potentially risky or abandoned projects.
Frequently Asked Questions
What happens to my PLS tokens after the delisting?
Your PLS tokens will remain in your OKX account but will be moved to the "Untradable Assets" section under Funding. You will not be able to trade them on the platform after August 31, 2023, but you can still withdraw them until October 31, 2023.
Why is OKX delisting the PLS token?
The delisting decision is based on a periodic review against our listing criteria, which includes factors like liquidity, trading volume, and user feedback. The PLS/USDT pair no longer meets these required standards.
Can I still deposit PLS tokens?
No, deposits for PLS were suspended on August 23, 2023. Any attempts to deposit PLS after this date will not be credited to your account.
What should I do if I have open orders for PLS/USDT?
You must cancel any open orders for PLS/USDT before August 31, 2023. The system will automatically cancel any remaining orders during the delisting window, but this process could take a few days.
Is there a fee to withdraw my PLS tokens?
Standard network withdrawal fees will apply when you withdraw your PLS tokens. We recommend checking the latest fee schedule on the withdrawal page before processing your transaction. To ensure a smooth asset migration, consider using professional asset management tools.
Will OKX list PLS again in the future?
There is no information regarding a potential relisting at this time. Any future decision to list the token would be subject to a new and thorough review based on the listing criteria in effect at that time.
Risk Warning
The foregoing overview and information are for informational and educational purposes only. This content may include information from third parties, and OKX does not guarantee its accuracy or completeness. This information should not be construed as financial, investment, or any other form of advice. It is not a recommendation, offer, or solicitation to trade.
Digital assets are highly speculative and volatile, can become illiquid, and you may lose the entire value of your investment. You should conduct your own research and carefully evaluate your risk appetite before trading any digital asset. OKX is not liable for any losses incurred from trading digital assets.
For more information, please refer to our Terms of Service and Risk & Compliance Disclosure.