To enhance market liquidity and improve user experience, OKX is delisting several trading pairs for perpetual futures and margin trading. Below are the key details:
1. Perpetual Futures Trading Delisting
| Perpetual Futures | Delisting Time |
|---|---|
| FITFIUSDT | 10:00 UTC, August 22, 2024 |
| BLOCKUSDT | 10:00 UTC, August 22, 2024 |
OKX will remove these perpetual futures from its registry and halt trading. Post-delisting, all related open orders will be canceled.
Key Points:
- Settlement Pricing: OKX will use the arithmetic mean of the OKX index price between 10:00–11:00 UTC for final delivery. Adjustments may be made if index pricing anomalies occur.
- Funding Rate: The funding rate on the delisting day will be set to 0, excluding it from payment records.
- Risk Mitigation: Due to potential volatility, users are advised to reduce leverage or close positions early.
- Post-Delisting Restrictions: For the first 30 minutes after delisting, users holding positions exceeding $10,000 in these contracts will face temporary asset transfer restrictions. Normal operations resume after 30 minutes.
Risk Control Adjustments:
Price Limit Rule Changes
| Period | Highest Price Limit | Lowest Price Limit |
|---|---|---|
| First 10 minutes post-contract | Index × (1 + X) | Index × (1 - X) |
| After 10 minutes | Min[Max(index, index × (1 + Y) + 10-minute avg premium), Index × (1 + Z)] | Max[Min(index, index × (1 - Y) + 10-minute avg premium), Index × (1 - Z)] |
Price Limit Parameters:
| Timeframe | X | Y | Z |
|---|---|---|---|
| 48 hours pre-delivery | 2% | 2% | 5% |
| 30 minutes pre-delivery | 1% | 1% | 2% |
2. Margin Trading Suspension
| Margin Trading Pairs | Loan Function Pause | Delisting Time |
|---|---|---|
| FITFI/USDT | 08:00 UTC, August 14, 2024 | 07:00 UTC, August 20, 2024 |
| BLOCK/USDT | 08:00 UTC, August 14, 2024 | 09:00 UTC, August 20, 2024 |
OKX will suspend margin trading and flexible loans at the specified delisting times. Open margin orders will be canceled. Users with outstanding loans must repay them before delisting to avoid forced liquidation.
👉 Learn more about margin trading risks
3. Discount Rate Adjustments
| Asset | Tier (USD) | Previous Rate | New Rate |
|---|---|---|---|
| FITFI, BLOCK | 0–50,000 | 0.5% | 0% |
| >50,000 | 0% | 0% |
Note: In cross-margin mode, currency values are converted to USD using discount rates to balance market risks.
FAQs
Q1: Why is OKX delisting these pairs?
A1: To optimize liquidity and streamline the trading ecosystem by removing less active pairs.
Q2: What happens to my open orders after delisting?
A2: All open orders for delisted pairs will be automatically canceled.
Q3: How is the final settlement price determined for perpetual futures?
A3: It’s based on the OKX index price average between 10:00–11:00 UTC on the delisting day.
Q4: Can I transfer assets immediately after delisting?
A4: Transfers are restricted for 30 minutes if holdings exceed $10,000 at delivery time.
Q5: How are discount rates applied in cross-margin accounts?
A5: Asset values are converted to USD using platform-defined discount rates to mitigate liquidity disparities.
👉 Explore OKX's trading policies
Key Terms: OKX delisting, perpetual futures, margin trading, FITFIUSDT, BLOCKUSDT, risk management, discount rates.