OKX Delists TRX Futures Contracts In 2023, Adapting To Evolving Market Demands

Key Points:

• OKX plans to discontinue TRX futures contracts in response to current market trends and user needs.
• Bi-weekly and bi-quarterly futures contracts will no longer be available from April 14, 2023, and June 16, 2023.
• OKX will continue to monitor market trends and make necessary adjustments to its services to meet the evolving needs of its users.

OKX has announced that it plans to discontinue the generation of TRX USDT-Margined and Crypto-Margined futures contracts.

This move is in line with current market trends and user needs. The company will officially delist TRX futures contracts on September 30, 2023, at 08:00 am UTC.

The discontinuation of the futures contracts will be gradual. Bi-weekly futures contracts will no longer be available from April 14, 2023, while bi-quarterly futures contracts will no longer be available from June 16, 2023. However, the futures contracts that have already been listed will not be affected.

This decision by OKX to discontinue the generation of TRX USDT-Margined and Crypto-Margined futures contracts is a response to the current market trends and user needs. It is a clear indication that the company is committed to providing the best services to its users. As always, OKX will continue to monitor the market trends and make necessary adjustments to its services to meet the evolving needs of its users.

Coincu recently reported that OKX had identified $157 million in digital assets belonging to FTX and Alameda Research in response to a petition filed in the FTX bankruptcy proceedings. OKX froze the relevant accounts and secured the assets upon discovering any FTX-related transactions on its platform in the days leading up to FTX’s collapse in November 2022.

OKX is now handing over these assets to the bankruptcy estate of the former companies. The exchange has stated that it will continue collaborating with FTX debtors and law enforcement authorities, expecting that these assets will be restored to FTX users through bankruptcy.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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