OKX Tightens Compliance, Delists High-Risk Tokens Like FITFI

OKX, the second-largest offshore cryptocurrency exchange, announced its decision to delist several tokens, including FITFI, GARI, XPR, AKITA, TAMA, and WNCG. This decision is based on user feedback and concerns about trading pairs violating delisting rules and posing high risks.

FITFI, a StepN copycat token, will be among the delisted tokens. FITFI’s price at press time is $0.003013, with a 24-hour trading volume of $4,835,388. The token has gained 2.01% in the last 24 hours and has a market cap of $7,621,718. The circulating supply stands at 2.53 billion FITFI coins, with a maximum supply of 4.6 billion coins.

Gari Network, another token set for delisting, is priced at $0.007748, with a 24-hour trading volume of $1,989,705. However, Gari Network has dropped 16.62% in the past 24 hours, with a market cap of $3,222,955. The token’s circulating supply is 415,994,800 coins, with a maximum supply of 979,444,316.

XPR, a well-known cryptocurrency, remains unaffected by the delisting. Its price is $0.0008486, with a 24-hour trading volume of $948,007,313. XPR has increased by 2.96% in the last 24 hours and has a market cap of $22 million. 

Akita Inu, another token facing delisting, is priced at $8.73e-8, with a 24-hour trading volume of $1,745,875. Akita Inu’s price has fallen by 26.49% in the last 24 hours, and its market cap is $5,941,104. The token’s circulating supply is 68,071,541,209,831 coins.

Nine Chronicles, with its token WNCG, will also be delisted. Nine Chronicles’ price is $0.048292, with a 24-hour trading volume of $1,095,519. The token has risen by 0.71% in the last 24 hours, with a market cap of $17,567,852. The circulating supply is 363,782,968 WNCG coins, with a maximum supply of 1 billion.

Tamadoge, another token set for delisting, is priced at $0.001273, with a 24-hour trading volume of $184,218. Tamadoge has declined by 20.29% in the last 24 hours, with a market cap of $1,773,045. The circulating supply of TAMA coins is 1.39 billion, with a maximum supply of 2 billion coins.

Besides the delisting, OKX CEO Star Xu emphasized the exchange’s commitment to compliance. He announced that accounts linked to sanctioned entities, such as Tornado Cash or Garantex, would be terminated. This move aims to strengthen financial integrity and enhance compliance with international sanctions.

Xu also stated that accounts receiving funds from or sending funds to these entities will be permanently terminated. This action reflects OKX’s dedication to complying with sanctions policies, including U.S. sanctions. OKX’s efforts to enforce strict compliance measures highlight the growing pressure on exchanges to maintain regulatory standards in the evolving crypto ecosystem.