OKX to Delist Several Margin Trading Pairs and Perpetual Futures

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In a strategic move to enhance market liquidity and optimize the overall user experience, OKX has announced the upcoming delisting of several margin trading pairs and perpetual futures contracts. This adjustment reflects the platform’s ongoing commitment to maintaining a healthy, efficient, and risk-managed trading environment for all users.

The changes will take effect in stages throughout May 2025, affecting both perpetual futures and margin trading services. Traders are strongly advised to review their open positions, adjust risk exposure, and take necessary actions before the specified deadlines.

Perpetual Futures Delistings

OKX will delist the following perpetual futures contracts on the dates and times listed below:

All trading activity for these pairs will cease at the specified times. Open orders in the order book will be automatically canceled upon delisting.

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Settlement and Delivery Process

Positions held at the time of delisting will be settled through a delivery mechanism. The final settlement price will be calculated as the arithmetic average of the corresponding OKX index price over the hour preceding delisting.

In cases where index price abnormalities are detected during this period, OKX reserves the right to adjust the final delivery price to a fair and reasonable level to ensure equitable settlement.

The funding rate at 8:00 AM UTC on the day of delisting will be set to 0%, meaning no funding fees will be charged or collected during that cycle.

Risk Management Recommendations

Given the potential for increased volatility leading up to delisting, traders are urged to:

Additionally, users holding positions valued over $10,000 USD at the time of delivery will face a 30-minute withdrawal restriction immediately after delisting. This temporary measure ensures system stability during settlement. Normal asset transfers will resume after the holding period.

All order history and billing records remain accessible post-delisting. Users are encouraged to download relevant data via the Report Center on the OKX website for personal records.

Margin Trading Pair Adjustments

OKX will also phase out several margin trading pairs in two stages. The process involves two key steps:

  1. Suspension of Borrowing Function – On May 14, 2025, at 11:30 AM UTC, users will no longer be able to borrow any of the affected assets.
  2. Full Delisting and Order Cancellation – Between May 19–22, 2025, all open margin orders will be canceled, and full trading support will be removed.

The affected margin pairs include:

Each delisting window is scheduled between 6:00 AM and 10:00 AM UTC, with a two-hour processing window per pair.

Users with active loans or collateral tied to these assets must repay their borrowings before the delisting time. Any outstanding balance will trigger a forced repayment, which may result in liquidation or additional fees.

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Discount Rate Adjustments for Collateral

As part of broader risk management efforts, OKX is updating its collateral discount rate framework in multi-currency cross-margin accounts.

Previously, various cryptocurrencies were assigned discount rates based on liquidity and volatility profiles when used as margin. Now, for the affected tokens listed above, OKX will gradually reduce their discount rates to 0%.

What This Means for Traders

To mitigate risk:

These adjustments ensure that cross-margin accounts reflect real-time market conditions and reduce systemic risk across the platform.

Frequently Asked Questions (FAQ)

Q: Why is OKX delisting these trading pairs?
A: The delistings are part of OKX’s ongoing efforts to improve market liquidity, reduce fragmentation, and enhance user experience by focusing on higher-demand and more liquid assets.

Q: What happens to my open positions after delisting?
A: For perpetual futures, positions will be automatically settled at the average index price one hour before delisting. For margin pairs, open orders will be canceled, and any outstanding loans must be repaid to avoid forced liquidation.

Q: Can I still withdraw funds after my position is delivered?
A: Yes, but users with positions exceeding $10,000 USD value at delivery will face a 30-minute withdrawal hold immediately after delisting. Transfers resume automatically afterward.

Q: How do discount rate changes affect my margin account?
A: As discount rates drop to 0%, the usable margin value of affected tokens decreases. This may raise your maintenance margin requirement and increase liquidation risk if not managed.

Q: How can I back up my trading data before delisting?
A: Visit the Report Center on the OKX website to download order history, billing records, and transaction details before or after delisting.

Q: Will these changes impact spot trading?
A: No. These updates apply only to perpetual futures and margin trading. Spot trading for these assets may continue unless separately announced.

Core Keywords

Staying informed about platform updates like these is essential for maintaining control over your crypto portfolio. By proactively managing positions and understanding how policy changes affect margin and futures trading, users can navigate transitions smoothly and securely.

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