| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- Amid financial scrutiny, the OKX cryptocurrency exchange announced the removal of several spot trading pairs from its platform.
- Factors influencing this decision include low trading volume and liquidity issues.
- “Ensuring a healthy market structure is our priority,” remarked a spokesperson from OKX.
Crypto exchanges OKX and WazirX are delisting multiple coins due to low trading volume and liquidity concerns, affecting prices significantly.
OKX Delists Multiple Trading Pairs
On July 17, 2024, OKX revealed plans to delist several spot trading pairs. As of July 23, 2024, the following pairs will no longer be available for trading: CEL/USDT, CEL/USDC, OMG/USDT, SPELL/USDT, SPELL/USDC, APM/USDT, LHINU/USDT, POLS/USDT, DCR/USDT, and DCR/ETH. This action stems from the exchange’s commitment to maintaining a balanced market environment, where trading pairs with insufficient volume and liquidity are eliminated.
Impact on Prices
The announcement had immediate repercussions on the affected coins. Data from CoinGecko shows a 20% drop in CEL prices, a 5% decline in OMG, and a 3% reduction in APM. LHINU experienced the steepest fall, plummeting by 17%. While SPELL and DCR remained relatively stable, the overall market sentiment was evidently shaken.
WazirX Follows Suit
Similarly, WazirX, another prominent cryptocurrency exchange, declared the delisting of WAVES and NEM (XEM) on the same day. Effective July 17, 2024, at 3:00 PM IST, the WAVES/USDT, XEM/USDT, and XEM/INR pairs will be withdrawn from trading. This move aligns with WazirX’s initiative to enhance market efficiency and security for its users.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Rationale Behind Delisting
Both OKX and WazirX emphasize that delisting decisions are driven by trading volume and liquidity metrics. Low volume and liquidity can lead to imbalanced supply and demand dynamics, causing erratic price movements. By removing certain pairs, these exchanges aim to foster a more stable trading environment, thereby protecting investors from unpredictable volatility.
Conclusion
In summary, the delisting actions by OKX and WazirX underscore the importance of market health and liquidity for sustaining robust trading platforms. Investors should regularly monitor such updates, as they significantly impact market conditions and individual coin valuations. Moving forward, both exchanges are expected to continue refining their listings to ensure a stable and secure trading experience for their users.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
