OKX to Support CQT Token Migration to CXT

/EIN News/ -- DUBAI, the United Arab Emirates, July 09, 2024 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange and Web3 technology company, has issued updates for July 9, 2024.

OKX to Support CQT Token Migration to CXT

OKX today announced that it will support the upcoming migration of Covalent (CQT) tokens to CXT tokens. In line with Covalent's official plan, the migration will occur at a 1:1 ratio according to the following schedule:

1. All pending CQT token orders will be canceled, and the CQT/USDT spot trading pair will be delisted at 10:00 am UTC on July 9, 2024.
2. CQT transfers, deposits and withdrawals will be suspended at 11:00 am UTC on July 9, 2024.
3. An account snapshot and the subsequent token migration will take place at 12:00 pm UTC on July 9, 2024.

The snapshot will be conducted in both OKX funding and trading accounts. Shortly following the token migration, new CXT token deposits, withdrawals and spot trading will be available.

To learn more, visit OKX's Support Center.

For further information, please contact:

Media@okx.com

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.