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Current News for Small Businesses in Alabama

by Dubaiforum

OKX, a prominent cryptocurrency exchange and Web3 technology firm, has recently revealed updates for July 9, 2024. These updates include the support for the migration of Covalent (CQT) tokens to CXT tokens.

In an official announcement, OKX stated that they will aid in the transition of Covalent (CQT) tokens to CXT tokens at a 1:1 ratio according to the outlined schedule:

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

The snapshot will encompass both OKX funding and trading accounts, ensuring a smooth transition for users. Following the migration, users will be able to deposit, withdraw, and engage in spot trading with the new CXT tokens.

For more details and information regarding the migration process, users are encouraged to visit OKX’s Support Center.

OKX, a renowned global crypto exchange and pioneering Web3 company, has built a reputation for being the quickest and most dependable platform for cryptocurrency trading. With over 50 million users worldwide, OKX continues to be a go-to choice for traders seeking a secure and efficient trading experience.

For those interested in learning more about OKX, they can either download the OKX app or visit the official website at okx.com.

It is important to note that the information provided is solely for informational purposes and should not be considered as investment, tax, or legal advice. Additionally, it is not an offer to buy, sell, or hold any digital assets. Digital assets, including stablecoins, carry a high level of risk, are subject to significant fluctuations, and may even become worthless over time.

In conclusion, OKX’s support for the migration of Covalent (CQT) tokens to CXT tokens showcases the company’s commitment to innovation and user empowerment within the cryptocurrency space. By providing a seamless transition process and ensuring user safety, OKX continues to solidify its position as a leader in the crypto industry.

For any media inquiries or further information, individuals can reach out to Media@okx.com.

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