OKX Announces Delisting of RNDR Margin Trading Pairs and Perpetual Futures

In
a
recent
announcement,
OKX
revealed
plans
to
delist
RNDR
margin
trading
pairs
and
perpetual
futures.
This
strategic
move
aims
to
enhance
market
liquidity
and
optimize
the
overall
user
experience,
according
to
OKX.

Details
of
the
Delisting

The
perpetual
futures
trading
pair
RNDR/USDT
will
be
delisted
on
July
9,
2024,
between
8:00
and
9:00
am
UTC.
As
part
of
this
process,
OKX
will
terminate
all
related
trades
and
cancel
any
open
orders
in
the
order
book.
The
exchange
plans
to
deliver
all
affected
perpetual
futures
positions
at
the
arithmetic
average
price
of
the
OKX
index
one
hour
before
the
delisting.

If
the
index
price
shows
abnormalities
within
the
hour
preceding
the
delisting,
OKX
reserves
the
right
to
adjust
the
final
delivery
price
to
a
more
reasonable
level.
Additionally,
the
funding
rate
at
8:00
am
UTC
on
the
day
of
delisting
will
be
set
to
zero,
meaning
no
funding
fees
will
be
included
in
the
billing
record
for
that
period.

Risk
Management
and
User
Advisories

OKX
advises
users
to
manage
their
risk
levels
by
reducing
leverage
multiples
or
closing
positions
in
advance,
given
the
potential
for
market
fluctuations
before
the
delisting.
For
those
holding
positions
greater
than
$10,000
in
value
at
the
time
of
delivery,
asset
transfers
out
of
their
trading
accounts
will
be
restricted
for
30
minutes
post-delisting.
After
this
period,
normal
transfer
operations
will
resume,
and
order
history
and
billing
records
will
remain
accessible.

Adjustments
to
Risk
Control
Parameters

To
ensure
a
smooth
delivery
of
the
delisted
perpetual
futures,
OKX
will
adjust
its
risk
control
parameters.
The
price
limit
rules
will
be
modified
as
follows:

These
adjustments
will
help
mitigate
risks
and
stabilize
prices
during
the
delisting
process.

Margin
Trading
Adjustments

The
margin
trading
pair
RNDR/USDT
will
cease
its
borrowing
feature
on
July
1,
2024,
at
8:00
am
UTC,
followed
by
a
full
delisting
on
July
8,
2024,
between
8:00
and
9:00
am
UTC.
OKX
will
suspend
margin
trading
and
flexible
loans
at
the
specified
times,
canceling
all
open
orders.
Users
with
outstanding
borrowings
or
collateral
in
these
pairs
must
repay
before
the
delisting
time
to
avoid
forced
repayment.

OKX
also
recommends
users
close
all
underlying
positions
in
advance
to
avoid
losses
from
potential
price
fluctuations.

Discount
Rate
Adjustments

In
multi-currency
cross
margin
mode,
OKX
will
adjust
the
discount
rates
for
RNDR.
Previously,
the
discount
rate
was
set
at
0.5
for
tiers
up
to
$50,000
and
0
for
higher
tiers.
Post-adjustment,
the
discount
rates
will
be
zero
for
all
tiers.

For
more
detailed
information,
visit
the
official
announcement
on

OKX.

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source:
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