To enhance market liquidity and improve user experience, OKX will delist select perpetual futures and margin trading pairs effective May 2024. Below are the details:
1. Perpetual Futures Delisting
| Contract | Delisting Time |
|---|---|
| STARLUSDT | May 23, 2024, 8:00 am UTC |
| ANTUSDT | May 23, 2024, 8:00 am UTC |
Key Actions:
- All active trades will terminate, and order book entries will be canceled.
- Positions will settle at the arithmetic average price of the OKX index 1 hour before delisting.
- Funding rates at delisting time will be 0; no fees will apply.
Risk Management Tips:
- Reduce leverage or close positions preemptively to avoid volatility risks.
- Asset transfers out of trading accounts will be restricted for 30 minutes post-delisting if positions exceed 10,000 USD.
👉 Learn how to manage delisting risks
2. Margin Trading Pairs Removal
| Pair | Borrowing Suspension Time | Delisting Time |
|---|---|---|
| STARL/USDT | May 20, 2024, 6:00 am UTC | May 23, 2024, 4:00 am UTC |
| ANT/USDT | May 23, 2024, 6:00 am UTC | May 23, 2024, 4:00 am UTC |
| MANA/BTC | May 23, 2024, 6:00 am UTC | May 23, 2024, 8:00 am UTC |
Important Notes:
- Margin trading and flexible loans will suspend at delisting.
- Repay borrowings before deadlines to avoid forced liquidation.
- Expect extreme price fluctuations; close positions early to mitigate losses.
3. Discount Rate Adjustments
| Asset | Previous Tier (USD) | Previous Rate | New Tier (USD) | New Rate |
|---|---|---|---|---|
| STARL | 0–50,000 | 0.5% | 0 | 0% |
| ANT | >50,000 | 0% | 0 | 0% |
Note: Discount rates adjust the USD value of collateral in cross-margin accounts to reflect market liquidity risks.
👉 Explore margin trading strategies
FAQs
Q1: What happens to my open perpetual futures positions after delisting?
A1: OKX will settle positions at the index price 1 hour before delisting. Ensure risk management beforehand.
Q2: Can I transfer assets immediately after delisting?
A2: Transfers are restricted for 30 minutes if your position exceeds 10,000 USD at settlement.
Q3: How are forced repayments handled for margin trades?
A3: Unpaid borrowings trigger automatic liquidation at delisting. Repay early to avoid penalties.
Q4: Why adjust discount rates?
A4: Rates are updated to align with current market liquidity and risk profiles.
Q5: Where can I find historical trade data post-delisting?
A5: Download reports via OKX’s Report Center anytime.
For further assistance, contact OKX support. Stay updated with platform announcements to navigate changes smoothly.
### Keywords:
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