Shiba Inu’s BONE, EIGEN, TURBO Tokens Secure Major Listings

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As a seasoned crypto investor with a knack for spotting trends and navigating the volatile digital asset market, I find the recent announcement by OKX to be a promising development. The addition of new trading pairs involving Shiba Inu’s BONE, EIGEN, and TURBO tokens, paired with USDC, not only expands the USDC ecosystem but also offers traders like me more opportunities to diversify our portfolios.

On OKX cryptocurrency platform, it’s been revealed that Shiba Inu‘s BONE, EIGEN, and TURBO tokens are now joining their list of tradable pairs, which also includes USDC – a stablecoin tied to the American dollar. This move is an extension of OKX’s initiative to broaden the reach of USDC, providing users with additional trading opportunities.

As an analyst, I’d like to highlight that the upcoming update, scheduled for release between 9:00 and 10:00 am UTC on October 17, 2024, will also encompass tokens such as OMI, FLM, ID, JOE, BORING, SWFTC, and PENDLE. These tokens are part of the same update.

Shiba Inu’s BONE and TURBO Get Listed as OKX Delists Block, UTK, and More

On October 17, 2024, OKX added USDC spot trading pairs for BONE (Shiba Inu), TURBO, and EIGEN. This action boosts trading versatility by offering traders numerous choices. The inclusion of these trending and high-potential tokens in their lineup represents a strategic decision on the part of OKX.

At the same time, while introducing Shiba Inu’s BONE as a new trading pair, OKX plans to delete several tokens underperforming on their platform such as BLOCK, UTK, AST, SIS, WXT, and WIFI by October 24, 2024. The deletion will take place between 8:00 a.m. and 8:30 a.m. UTC. This step aims to improve the trading environment by eliminating pairs that don’t meet OKX’s criteria for listing high-quality cryptocurrencies.

Furthermore, the action taken demonstrates the platform’s dedication to providing a superior trading experience for its users. The affected currency pairs being withdrawn from the exchange are BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, and WIFI/USDC.

This action aligns with our exchange’s strategy to ensure a strong trading atmosphere, as well as refine our services according to user comments and suggestions.

Adjustments in Futures Contracts

In an effort to enhance trading experiences, the platform plans to modify minimum order amounts and incremental steps for its future contracts starting from 6:00 am to 8:00 am UTC on October 22, 2024. These adjustments will affect both perpetual and expiry futures, aiming to lower costs and facilitate smoother order placements.

The modifications being made will influence frequently traded pairs like TURBO/USDT, where the smallest trade unit will shift from 1 contract (containing 10,000 coins) to 0.1 contract (comprising 1,000 coins). This alteration offers traders enhanced control over their trading tactics.

In addition, traders are likely to modify their tactics and gather information about all trading regulations and current pair options. For those affected by the delisting, the exchange has outlined instructions for cancelling orders and managing assets.

These advancements occur during a period where OKX is broadening its services in the UAE, such as offering derivative trading opportunities to eligible investors.

After checking the listings, the price of Shiba Inu’s BONE stands at $0.41, boasting a market cap of $94.3 million. This represents an uptick of 1.59% over the past week. The token’s trading volume has spiked to approximately $4.8 million within the last day, indicating heightened investor enthusiasm.

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2024-10-16 16:25