OKX to support KLAY crypto migration

According to the official plan of Klaytn, OKX will support KLAY crypto migration to KAIA at a 1:1 ratio as per the following schedule:

1. All pending orders for KLAY crypto will be canceled and the KLAY spot trading pairs KLAY/USDT, KLAY/USDC will be suspended between 8:00 am and 10:00 am UTC on October 28, 2024. All other trading services (such as Convert, Copy trading, and Trading bots) will also be suspended.

2. KLAY transfers, deposits, and withdrawals will be suspended at 10:00 am UTC on October 28, 2024.

3. An account snapshot will take place at 4:00 pm UTC on October 28, 2024.

4. The subsequent crypto migration will take place between 10:00 am UTC on October 29, 2024, and 10:00 am UTC on October 30, 2024. Please note that OKX will strive to complete the crypto migration within the specified time frame. However, due to the need for coordination with the project team and other parties, there may be delays in the crypto migration process.

The snapshot will take place in both OKX funding and trading accounts. New crypto KAIA deposits, withdrawals, and spot trading will open after crypto migration. The specific opening times for these services will be announced separately.

Please note:

1. At the time of the snapshot, all the KLAY crypto that are being withdrawn or not deposited successfully will not be included in the migration.

2. For KLAY crypto in the sub-account, once the migration is complete, the KAIA crypto will be sent to the main account.

3. Holdings under 1 KLAY (open orders excluded) will not be included in the migration.

4. The token migration is expected to take 3 - 5 days. During this period, your KLAY valuation will be unavailable. Once the migration is complete, all your KLAY will be converted to KAIA, and KLAY will no longer be shown in your asset list.

Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty or any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become illiquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to Terms of Service and Risk & Compliance Disclosure for more information.

For any inquiries, please feel free to contact us via the support center or connect with us on any platform of your choice.

OKX team

October 24, 2024