OKX Announces Postponement of STARL and ANT Margin Trading Pair Delisting

OKX
Postpones
Delisting
of
STARL
and
ANT
Margin
Trading
Pair

OKX,
a
leading
cryptocurrency
exchange,
has
announced
the
postponement
of
the
delisting
of
the
STARL
and
ANT
margin
trading
pair
and
perpetual
futures.
The
announcement
was
made
on
May
23,
2024,
and
the
details
are
as
follows,
according
to
an

official
OKX
announcement.

Details
of
the
Postponement

The
STARL/USDT
and
ANT/USDT
pairs
were
initially
scheduled
for
delisting
at
7:00
am
UTC
on
May
27,
2024,
and
9:00
am
UTC
on
May
27,
2024,
respectively.
However,
these
delistings
have
now
been
postponed.
The
new
delisting
times
will
be
announced
at
a
later
date.

OKX
will
suspend
margin
trading
and
flexible
loan
at
the
delisting
times
listed
above,
and
all
open
orders
for
margin
will
be
canceled.
Each
crypto
pair
will
take
around
1
hour
to
suspend.
Users
with
borrowings
or
collateral
of
the
above
crypto
pair
in
margin
trading
and
flexible
loan
should
make
sure
to
repay
before
the
delisting
times.

OKX
warns
of
the
potential
for
extreme
price
fluctuations
during
this
period.
To
avoid
losses
caused
by
forced
repayment,
the
exchange
recommends
that
users
stop
trading
the
pairs
listed
above
and
close
all
underlying
positions
in
advance.

Adjustments
to
Discount
Rates

In
addition
to
the
postponement
of
the
delisting,
OKX
has
also
announced
adjustments
to
the
discount
rates
for
the
STARL
and
ANT
cryptocurrencies.
The
discount
rate
for
both
STARL
and
ANT
will
be
reduced
from
0.5
for
tier
USD
0-50,000
and
0
for
tier
USD
>50,000
to
0
for
all
tiers.

These
changes
reflect
the
dynamic
nature
of
the
cryptocurrency
market
and
the
need
for
exchanges
to
adapt
their
offerings
and
policies
to
suit
the
current
market
conditions.
OKX’s
decision
to
postpone
the
delisting
of
these
two
crypto
pairs
will
likely
be
welcomed
by
traders
and
investors
who
have
been
dealing
with
these
assets.

Image
source:
Shutterstock

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