Dear OKX Users,
To mitigate market risks and maintain optimal trading conditions, OKX periodically reviews and delists certain perpetual contracts and leveraged trading pairs. Below is the detailed delisting schedule:
Perpetual Contracts Delisting
| Contract Name | Delisting Time (UTC+8) |
|---|---|
| MAX/USDT | April 8, 2025, 4:00 PM |
| KISHU/USDT | April 8, 2025, 4:00 PM |
| 1INCH/USD | April 8, 2025, 4:00 PM |
| GRT/USD | April 8, 2025, 4:00 PM |
Key Points:
- Trading will halt at the specified time, with all pending orders canceled.
- Positions will be settled using the arithmetic average of the OKX Index price during the hour preceding delisting.
- If index manipulation is detected, OKX may adjust the settlement price to ensure fairness.
- No funding fees or additional charges will apply during settlement.
👉 Learn how to manage risks during volatile periods
Risk Advisory:
Due to potential extreme volatility before delisting, users are advised to reduce leverage or close positions proactively. Post-delisting, accounts with positions exceeding $10,000 will face a 30-minute transfer restriction. Historical order data will remain accessible for review.
Leverage Trading and Flexible Loans
| Trading Pair | Borrowing Suspension Time (UTC+8) | Delisting Window (UTC+8) |
|---|---|---|
| MAX/USDT | April 1, 2025, 3:00 PM | April 7, 2025, 2:00 PM – 6:00 PM |
| SUSHI/USDC | April 1, 2025, 3:00 PM | April 7, 2025, 2:00 PM – 6:00 PM |
| SNX/USDC | April 1, 2025, 3:00 PM | April 7, 2025, 2:00 PM – 6:00 PM |
Actions Required:
- Repay all borrowed assets before delisting to avoid forced repayment.
- Each pair’s delisting process will take ~2 hours.
Pro Tip: Manually close positions before suspension to minimize slippage risks.
Collateral Discount Rate Adjustment (MAX)
Previous Structure:
| Tier | Max Collateral (USD) | Discount Rate |
|---|---|---|
| 1 | 20,000 | 0.80 |
| 2 | 32,000 | 0.78 |
| 3 | 52,000 | 0.77 |
| 4+ | +32,000 per tier | –0.01 per tier |
New Policy:
Discount rates for MAX collateral will progressively reduce to 0 during delisting. This may increase maintenance margin requirements for affected positions.
👉 Strategies to avoid liquidation
Recommendation: Adjust positions by adding margin, reducing exposure, or closing trades preemptively.
FAQs
1. Why is OKX delisting these pairs?
To maintain market stability and protect users from low-liquidity risks.
2. Can I trade these pairs after delisting?
No. All trading and borrowing functionalities will be permanently disabled.
3. How is the settlement price determined?
It’s based on the OKX Index’s hourly average before delisting, with anti-manipulation safeguards.
4. What happens to open leverage positions?
They’ll be auto-repaid at delisting. Close them early to control exit prices.
5. Will discount rate changes trigger liquidations?
Potentially. Monitor your margin ratio and adjust positions accordingly.
6. Where can I find historical trade data?
Access it via the desktop platform’s Order Center post-delisting.
OKX remains committed to enhancing your trading experience with robust tools and transparent policies.
OKX Team
April 1, 2025