In line with its ongoing market risk management strategy, OKX has announced the delisting of select leveraged trading pairs to ensure a seamless user experience. Below are the detailed timelines and procedures for the upcoming changes:
Leverage Trading and Flexible Loans Affected
| Leverage Pair | Borrowing Halt Time (UTC+8) | Delisting Window (UTC+8) |
|---|---|---|
| BADGER/USDT | June 2, 2025, 3:00 PM | June 5, 2025, 2:00 PM – 6:00 PM |
| X/USDT | June 2, 2025, 3:00 PM | June 5, 2025, 2:00 PM – 6:00 PM |
Key Actions Required:
- OKX will suspend leveraged trading and flexible loan services for these pairs during the delisting period.
- Open orders will be canceled automatically (processing time: ~2 hours per pair).
- Users with outstanding loans must repay before the deadline to avoid forced repayment by the system.
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Risk Note: Due to high market volatility, manually closing positions before the deadline is strongly advised to prevent potential losses during forced settlements.
Adjustments to Coin Discount Rates
Previous Rates: Refer to the Coin Discount Rate page.
New Updates:
In cross-currency margin mode, assets denominated in different currencies are折算d into USD for collateral purposes. To mitigate liquidity risks, OKX applies dynamic discounts based on market conditions.
Critical Changes:
- Discount rates for affected coins will gradually decrease to 0% during the delisting phase.
- This may increase maintenance margin requirements for positions using these coins as collateral.
Proactive Measures:
Users should monitor their accounts and consider:
- Closing or reducing positions.
- Adding supplemental margin.
- Rebalancing collateral allocations.
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FAQs
Q1: What happens if I miss the repayment deadline?
A: The system will forcibly repay loans at prevailing market rates, which may lead to slippage losses.
Q2: How does the discount rate reduction impact my portfolio?
A: Lower discounts reduce the USD value of collateral, potentially triggering margin calls if your account’s equity ratio falls below required levels.
Q3: Can I still trade BADGER/USDT after delisting?
A: Spot trading remains unaffected; only leveraged pairs are being removed.
Q4: Where can I track future delistings?
A: Check OKX’s official announcements or Support Center for updates.
OKX remains committed to delivering secure, innovative trading solutions. Users are encouraged to stay informed about platform updates to optimize their strategies.