OKX will delist several perpetual futures and margin trading pairs to maintain market liquidity stability and uphold the exchange's trading environment integrity. Below are the detailed updates:
1. Perpetual Futures Trading Delisting
| Perpetual Futures | Delisting Time |
|---|---|
| FITFIUSDT | 8:00 UTC, August 22, 2024 |
| BLOCKUSDT | 8:00 UTC, August 22, 2024 |
Action Plan:
- All active trades for these futures will be settled upon delisting.
- Open orders in the order book will be canceled automatically.
Settlement Details:
- Positions will be settled based on the arithmetic mean of the OKX index price between 7:00–8:00 UTC.
- If index prices show anomalies, OKX reserves the right to adjust the final settlement price to a fair level.
Funding Rate:
- Set to 0 at 8:00 UTC on the delisting day, exempting users from funding fees.
👉 Risk Management Tip: Reduce exposure proactively to avoid volatility-related losses before delisting.
Post-Delisting Restrictions:
- Users holding >10,000 USD in these contracts at settlement cannot transfer assets for 30 minutes post-delisting.
- Order history and account data remain accessible; download reports via OKX’s Report Center.
Risk Control Adjustments
Price Limit Formula
| Period | Max Price Limit | Min Price Limit |
|---|---|---|
| First 10 minutes | Index × (1 + X) | Index × (1 – X) |
| After 10 minutes | Min[Max(index, index × (1 + Y) + 10-min avg premium), index × (1 + Z)] | Max[Min(index, index × (1 – Y) + 10-min avg premium), index × (1 – Z)] |
Adjusted Parameters
| Timeframe | X | Y | Z |
|---|---|---|---|
| 48 hours pre-settlement | 2% | 2% | 5% |
| 30 minutes pre-settlement | 1% | 1% | 2% |
Note: Limits may adapt to market conditions.
2. Margin Trading Delisting
| Margin Pairs | Loan Stop Time | Delisting Window |
|---|---|---|
| FITFI/USDT | 6:00 UTC, August 14, 2024 | 07:00–09:00 UTC, August 20, 2024 |
| BLOCK/USDT | 6:00 UTC, August 14, 2024 | 09:00–11:00 UTC, August 20, 2024 |
Process:
- Margin trading and flexible loans for these pairs will halt during the delisting window.
- Open margin orders canceled; forced repayments initiated for unpaid loans.
👉 Pro Tip: Close positions early to avoid liquidation risks from price swings.
3. Discount Rate Adjustments
| Asset | Tier (USD) | Old Rate | New Rate |
|---|---|---|---|
| FITFI/BLOCK | 0–50,000 | 0.5% | 0% |
| >50,000 | 0% | 0% |
Multi-Currency Cross-Margin Note:
Cryptocurrencies are converted to USD using dynamic discount rates to balance liquidity risks.
FAQs
Q1: Can I trade FITFI/BLOCK after delisting?
A: No. All trading and loan services for these pairs cease permanently at the specified times.
Q2: How are my perpetual futures positions settled?
A: Positions close automatically at the index price average during the settlement window.
Q3: What happens to my open margin loans?
A: Repay before delisting to avoid forced liquidation. Unpaid loans trigger automatic repayment.
Q4: Where can I access my post-delisting trade history?
A: Download reports via OKX’s Report Center under "Account History."
Q5: Why adjust discount rates?
A: To reflect reduced liquidity and mitigate risk exposure for the platform and users.
Stay informed with OKX’s latest updates to navigate market changes effectively.