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Delisting to Ensure Quality

The decision by OKX to remove several trading pairs such as WAVES/USDC and WAVES/USDT comes into effect on February 8. This step is part of OKX’s ongoing efforts to provide a reliable and robust trading experience. The exchange has a set of stringent criteria that all listed assets must meet, and it appears that the WAVES trading pairs no longer make the cut.

OKX’s Commitment to Optimal Trading

OKX has reassured its users that the delisting is a move towards optimizing the trading environment on the platform. The evaluation of digital assets is a continuous process, and the exchange adheres to internal delisting guidelines that take into account both asset performance and user feedback.

Market Reaction to Delisting

Despite the announcement, the price of the Waves project token (WAVES) remained unaffected. However, trading volumes experienced a noticeable decrease of nearly 12%, dropping to $28.2 million as per data from CoinMarketCap.

Background on Waves

Established in 2016 by Russian developer Sasha Ivanov, Waves is a blockchain platform designed for the creation and exchange of digital assets. It enables users to craft their own tokens and facilitate issuance. Despite its functional design, the platform gained notoriety due to the USDN stablecoin controversy, which saw its peg to the dollar lost multiple times in 2022. The Waves ecosystem was slated for a reboot, but this decision was ultimately overturned, with the focus returning to the existing project.

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