The crypto exchange OKX has determined to carry out another delisting recently. The company declared on its OKX Support page an intention to maintain a strong trading climate. Along with this, the platform has mentioned that it is observing the performance of the projects that have been listed on it. In addition to this, it added, that the company also reviews the listing qualifications of the projects on regular basis.
OKX Declares the Delisting of GUSD Token from Its Exchange Platform
Keeping in view these factors, OKX decided to delist the GUSD token. As per the firm, this move was taken while taking into consideration the feedback provided by the company’s consumers. As a result of this, the delisting of the respective token will be executed on the 1st of the upcoming month. After the delisting of the token, the platform will no longer provide its “OKX Convert” services for the products related to the GUSD token.
The company disclosed that it will keep on vigilantly monitoring the projects listed on it to implement the mechanism related to their delisting where the need arises. The crypto exchange has recently issued its 3rd per-month proof-of-reserves report. In the report, the firm confirmed that the reserves thereof are held in USDT, Ethereum, and Bitcoin tokens. This also signifies that it has no reserves in its local token OKB.
The latest Proof-of-Reserves Report of the Company Says Its Reserves in USDT, ETH and BTC Are Over-Collateralized
The platform has asserted that it has the biggest transparent asset reserves with a valuation of up to $7.5 billion. The new proof-of-reserve report of OKX shows that the company’s reserves are over-collateralized. This indicates that the platform keeps additional USDT, Ethereum, and Bitcoin tokens in its reserve than the deposits made by the consumers.
