OKX delists certain Simple Earn products
According to an official update from cryptocurrency exchange OKX, some of Simple Earn products are scheduled to be delisted on May 21, 2024. Affected instruments include cryptocurrency terms MINA, NYM and LHINU, with durations ranging from 3 to 120 days.
OKX users who own these products will continue to receive daily rewards until the date of delisting. After delisting, the principal is reinvested in the Simple Earn flexible product or, if the Simple Earn flexible product is not available, is deposited into the user’s Funding account. The earned interest is transferred to the user’s funding account.
The OKX team thanked users for their continued support and efforts to improve the product. This decision is in line with our commitment to providing users with a safe and optimized trading environment.
This news comes as part of OKX’s ongoing efforts to optimize and streamline its products to better serve its users. As the cryptocurrency market continues to develop and mature, exchanges like OKX are constantly reviewing their product lineups and making necessary changes to remain competitive and serve user needs.
OKX is known for its wide range of cryptocurrency trading and investment products, including spot trading, futures trading, and income products such as Simple Earn. Simple Earn allows users to earn interest by lending their cryptocurrency holdings to other users.
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