Shiba Inu's BONE and TURBO Get Listed as OKX Delists Block, UTK, and More

OKX crypto exchange has announced a new lineup of trading pairs involving Shiba Inu’s BONE, EIGEN, and TURBO tokens. These tokens will now be available

Crypto exchange OKX has announced the addition of new trading pairs involving Shiba Inu’s BONE, EIGEN, and TURBO tokens. These tokens will be available for trading with USDC, a stablecoin pegged to the U.S. dollar. The announcement is part of the exchange’s effort to expand the USDC ecosystem, offering users more options.

Other tokens, including OMI, FLM, ID, JOE, BORING, SWFTC, and PENDLE, are also part of this update, which will go live between 9:00 and 10:00 am UTC on October 17, 2024.

Shiba Inu’s BONE and TURBO Get Listed as OKX Delists Block, UTK, and More

OKX introduced new USDC spot trading pairs on October 17, 2024. This move enhances trading flexibility and provides traders with a variety of options. The newly listed pairs for Shiba Inu’s BONE and TURBO, along with EIGEN, signify a strategic shift to support trending and high-growth tokens.

However, despite adding new trading pairs like Shiba Inu’s BONE, OKX will be delisting several underperforming tokens, including BLOCK, UTK, AST, SIS, WXT, and WIFI, from its platform. This move, scheduled for October 24, 2024, from 8:00 a.m. to 8:30 a.m. UTC, will enhance the trading environment by removing pairs that no longer meet the crypto exchange’s listing criteria.

This decision follows the exchange’s policy to maintain a robust trading environment and streamline the offerings based on user feedback. 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.

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.

Traders are advised to adjust their strategies and stay informed about 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, with a market cap of $94.3M, showing a week’s increase of 1.59%. The token’s trading volume surged to $4.8M over the last 24 hours, reflecting heightened investor interest.

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