Orchid Protocol (OXT) has been removed from spot trading on Bithumb, one of South Korea's largest cryptocurrency exchanges, according to an official notice posted on the platform's feed at 07:30 UTC.
The delisting marks another reduction in trading venues for the privacy-focused token. Bithumb did not provide a detailed rationale for the removal in its public announcement, though delistings typically occur due to low trading volume, regulatory concerns, or strategic decisions by exchanges to streamline their asset offerings.
The move may pressure OXT liquidity on major exchanges, as users on Bithumb will need to migrate holdings or close positions before the delisting takes full effect. Orchid has faced ongoing scrutiny from regulators globally, with some jurisdictions treating privacy tokens with heightened caution.