Back

Upbit to Delist Orchid’s OXT Token on June 29

According to Upbit, the South Korean crypto exchange will remove support for OXT trading at the end of June.

Summary

Upbit said it will delist OXT, the token of Orchid (a decentralized privacy network), on June 29, according to an official announcement. The notice indicates that the South Korean cryptocurrency exchange is ending support for the asset on its platform. Delistings can reduce market access and liquidity for a token because traders lose one venue for buying and selling.

Terms & Concepts
  • Delisting: The removal of a token or trading pair from an exchange, which ends normal trading support for that asset on the platform.
  • OXT: The native token of Orchid, a blockchain-based network focused on privacy-related internet services.
  • Liquidity: The ease with which an asset can be bought or sold in the market without causing a large price change.