OKX crypto exchange decided not to join the Solana meme token trend, despite significant demand.
OKX is an averagely popular Seychelles-based crypto exchange which was founded by Star Xu in 2017. Exchange is mainly known for its spot and derivatives crypto trading services.
In the last few weeks, a huge number of Solana-based meme tokens grabbed huge popularity and showed trading volume in millions and one of the tokens, the $Bome token, grabbed a $2 billion trade volume.
$Bome token secured listing support on the major centralized crypto exchanges and decentralised platforms but strangely, OKX decided not to list this token, despite huge demand.
One of the Solana meme token supporters asked OKX to consider the listing of $XEP token but the OKX founder responded and said that OKX exchange prefers listing of best crypto project-based tokens and also conducts research by the exchange team, and don’t takes/needs pitch from token projects.
This statement by the OKX crypto exchange is a clear indication that they’re not going to support meme tokens, to save the OKX customers from big volatility.
However, this news may inject some sadness among meme token lovers but here crypto investors need to understand that all such meme tokens can’t bring huge advantages for everyone and nearly 99% of these meme tokens will crash badly as the market will start to face downfall.
It is worth it to note that In the last 3 days, the net trading volume & the trade price of the majority of the meme tomens plummeted badly.
OKX & India
Following the restrictions by the Indian government agencies against the major crypto exchanges, not complying with all necessary AML measures, OKX decided to terminate services for the Indian crypto traders.
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