Cryptocurrency Platform OKX to Remove YFII from Trading Roster

You can also read this news on BH NEWS: Cryptocurrency Platform OKX to Remove YFII from Trading Roster

The prominent digital currency exchange OKX has signalled its intention to purge DFI.Money (YFII) from its trading offerings. This decision was taken because YFII no longer meets the stringent standards set for currencies listed on their platform, which is key to maintaining a secure and efficient trading environment. The affected trading pairs, YFII/USDC and YFII/USDT, are set to be withdrawn from the service on the morning of February 29, 2024.

Imminent Removal of DFI.Money’s YFII Trading Pairs

OKX is gearing up to eject the YFII token. Traders are urged to cancel any open orders involving YFII to preclude potential losses when the system automatically scraps the orders during the delisting period. The delisting move follows a thorough evaluation of the token’s performance and adherence to listing criteria, with added consideration of user feedback and OKX’s delisting notice criteria.

Post-delisting, client assets related to YFII will not vanish but will instead be relocated to the Non-Trading Assets section within the OKX platform’s Assets and Funding area. OKX stresses that it continues to expect all altcoins and their trading pairs to meet and maintain high standards to ensure a healthy trading ecosystem.

YFII Deposit Halt and Withdrawal Schedule

Further to the delisting, OKX has ceased accepting deposits for YFII starting on February 21, 2024. While deposits are no longer possible, clients may still withdraw their YFII holdings for the time being. Nevertheless, OKX has set a final deadline for withdrawals: all YFII must be removed from users’ accounts by April 29, 2024, when the withdrawal function will be disabled. Customers should act swiftly to ensure their assets are securely transferred out of the exchange.

The post first appeared on BH NEWS: Cryptocurrency Platform OKX to Remove YFII from Trading Roster