
OKX is delisting 11 trading pairs, including the key USDT/USDC stablecoin pair, citing market health.
The move coincides with OKXโs U.S. expansion and ongoing legal department restructuring.
OKXโs latest proof-of-reserves shows sharp declines in both USDT and USDC holdings.
Crypto exchange OKX is shaking the table with a move thatโs bound to get noticed. Next week, the platform will delist 11 spot trading pairs but itโs not the obscure tokens catching headlines. Itโs the delisting of USDT/USDC, a staple stablecoin-to-stablecoin pair many traders rely on, thatโs turning heads.
Why now? Thatโs the question echoing across the market – especially as OKX ramps up its U.S. expansion with licenses in 47 states and a new San Jose headquarters. The timing is too sharp to ignore.
OKX Pulls the Plug on Major Trading Pairs
Alongside USDT/USDC, the delisting list includes lesser-known names:
- ZERO/USDT and ZERO/USD
- PRQ/USDT and PRQ/USD
- IQ/USDT and IQ/USD
- ARTY/USDT and ARTY/USD
- SAMO/USDT and SAMO/USD
OKX says the decision comes from a โregular review process to maintain healthy trading markets,โ but gave no further insight.
However, a separate statement cited two drivers: internal market monitoring and user feedback. These trading pairs have shown signs of increased volatility, lower liquidity, or poor market performance. The move reflects a commitment to โuser protection and market integrity.โ
The communityโs left reading between the lines. USDT/USDC has long served as a quick liquidity bridge between stablecoins – so itโs not a typical delisting candidate due to low volume or volatility.
U.S. Expansion Meets Internal Reshuffling
OKXโs U.S. strategy has been aggressive in 2025, capped by the hiring of former Barclays and Hidden Road exec Roshan Robert to lead regional operations. But behind the curtain, thereโs been a shake-up.
Legal transitions are underway. Global General Counsel Melissa Muehlfeld, who rose through the OKcoin ranks, has exited. It follows a string of senior departures after OKXโs $500 million settlement with the U.S. Department of Justice earlier this year. The firmโs newly appointed CLO is Linda Lacewell – former NYDFS superintendent – now tasked with overhauling legal and compliance from the inside out.
Proof-of-Reserves Hints at a Deeper Shift
Just weeks before the delisting announcement, OKXโs April 7 snapshot revealed a 3.62% drop in USDT holdings (โ$295M) and an 8.04% drop in USDC (โ$100M). Coincidence? Possibly.
But the realignment of reserves, paired with the removal of a core stablecoin pair, raises bigger questions about OKXโs evolving priorities – especially in a U.S. market under renewed regulatory scrutiny.
What Traders Should Know Now
All open orders tied to the affected pairs will be automatically canceled during the delisting window. Funds will still be accessible under the โUntradableโ section, but OKX urges users to withdraw or convert assets before the cutoff.
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So itโs clear – even the most familiar trading pairs arenโt immune to a reset!
FAQs
OKX states the decision is due to a “regular review process” citing signs of increased volatility, lower liquidity, or poor market performance.
The delisting comes as OKX aggressively expands in the U.S., with licenses in 47 states and a new San Jose headquarters.