OKX to Delist Several Margin Trading Pairs and Perpetual Futures

OKX
Announces
Delisting
of
Certain
Trading
Pairs

OKX,
a
leading
cryptocurrency
exchange
platform,
has
announced
plans
to
delist
several
perpetual
futures
and
margin
trading
pairs.
The
move
is
aimed
at
improving
market
liquidity
and
enhancing
the
overall
user
experience
on
the
platform.
The
trading
pairs
to
be
delisted
include
STARLUSDT
and
ANTUSDT
perpetual
futures,
as
well
as
STARL/USDT,
ANT/USDT,
and
MANA/BTC
margin
trading
pairs.

Impact
on
Traders

As
a
part
of
the
delisting
process,
OKX
will
terminate
all
relevant
trades
involving
these
pairs.
Any
existing
orders
in
the
order
book
will
also
be
cancelled
post-delisting.
Traders
holding
positions
worth
more
than
10,000
USD
in
value
in
the
affected
perpetual
contracts
at
the
time
of
delivery
will
be
restricted
from
transferring
assets
out
of
their
trading
account
for
the
first
30
minutes
after
delisting.

OKX
has
urged
traders
to
manage
their
risk
level
by
reducing
actual
leverage
multiples
or
closing
positions
in
advance,
considering
potential
sharp
market
fluctuations
prior
to
delisting.
In
addition,
traders
with
borrowings
or
collateral
in
the
affected
pairs
are
advised
to
repay
before
the
delisting
times
to
avoid
forced
repayments.

Risk
Control
Parameter
Adjustments

To
ensure
successful
delivery
of
the
affected
perpetual
futures
during
delisting,
OKX
has
made
several
adjustments
to
its
risk
control
parameters
and
price
limit
rules.
The
adjustments
include
changes
in
the
highest
and
lowest
price
limits,
and
changes
in
discount
rates
for
certain
crypto
assets.

Improving
User
Experience

While
the
delisting
may
cause
temporary
disruptions,
it
is
a
part
of
OKX’s
ongoing
efforts
to
optimize
its
platform
and
provide
users
with
a
seamless
trading
experience.
The
delisting
will
also
aid
in
improving
market
liquidity,
a
key
factor
that
can
influence
the
profitability
and
efficiency
of
trades
on
the
platform.

Future
Developments

OKX
remains
committed
to
refining
and
expanding
its
range
of
offerings
to
meet
the
evolving
needs
of
its
users.
Traders
and
users
are
advised
to
stay
updated
with
OKX’s
announcements
for
further
information
on
future
developments.

Image
source:
Shutterstock

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