To enhance market liquidity and improve overall user experience, OKX will remove a selection of margin trading pairs and perpetual contracts from its platform. Below are the detailed updates:
1. Perpetual Contracts Trading
| Perpetual Contract | Delisting Time (UTC) |
|---|---|
| NCUSDT | July 4, 2025, 8:00 AM UTC |
| SLERFUSDT | July 4, 2025, 8:00 AM UTC |
| KNCUSDT | July 4, 2025, 8:00 AM UTC |
| ALPHAUSDT | July 4, 2025, 8:00 AM UTC |
OKX will delist the above perpetual contracts and terminate related trades. All pending orders will be canceled upon removal.
👉 Discover how OKX ensures smooth contract settlements
Settlement Process:
- Positions will be settled based on the OKX index price average calculated 1 hour before delisting.
- If abnormal price fluctuations occur, OKX reserves the right to adjust the final settlement price reasonably.
- Funding rates will be set to zero at the time of delisting, and no fees will be billed for this period.
Risk Advisory:
Due to potential market volatility, users are advised to:
- Reduce leverage multipliers.
- Close positions in advance.
Post-Delisting Restrictions:
- Asset transfers from trading accounts will be blocked for 30 minutes if positions exceed $10,000 USD at settlement.
- Order histories and funding records remain accessible, and users can download backups via OKX’s Report Center.
Risk Control Adjustments:
- Price limit rules may be modified based on market conditions.
2. Margin Trading Updates
| Trading Pair | Lending Suspension Time (UTC) | Delisting Window (UTC) |
|---|---|---|
| STETH/USDT | June 30, 2025, 7:00 AM UTC | July 3, 2025, 6:00–10:00 AM UTC |
| SLERF/USDT | June 30, 2025, 7:00 AM UTC | July 3, 2025, 6:00–10:00 AM UTC |
| KNC/USDT | June 30, 2025, 7:00 AM UTC | July 3, 2025, 6:00–10:00 AM UTC |
| PRCL/USDT | June 30, 2025, 7:00 AM UTC | July 4, 2025, 6:00–10:00 AM UTC |
| BCH/BTC | June 30, 2025, 7:00 AM UTC | July 4, 2025, 6:00–10:00 AM UTC |
| LTC/BTC | June 30, 2025, 7:00 AM UTC | July 4, 2025, 6:00–10:00 AM UTC |
Actions Taken:
- Margin trading and flexible loans will be suspended during delisting.
- Open margin orders will be canceled.
- Users must repay loans before delisting to avoid forced liquidation.
👉 Learn about OKX’s margin trading policies
Market Volatility Warning:
Prices may fluctuate sharply. To prevent losses:
- Cease trading affected pairs.
- Close all positions tied to these pairs.
3. Discount Rate Adjustments
| Maximum Collateral (Insurance Amount) | Discount Rate |
|---|---|
| 0 | 0 |
Overview:
In cross-currency margin mode, assets are converted to USD-equivalent values using discount rates to balance market risks.
Risk Notice:
- Discount rates for affected tokens will gradually decrease to zero.
- Maintenance margin ratios may rise; users should manage risks by adjusting positions or adding collateral.
FAQ
Q1: Can I reopen positions after delisting?
A: No. Delisted pairs cannot be traded afterward.
Q2: How are perpetual contracts settled upon delisting?
A: Settlements use the index price average 1 hour before removal.
Q3: What happens to my active margin loans?
A: Repay loans before delisting to avoid forced liquidation.
Q4: Where can I access historical trade data?
A: Download reports via OKX’s Report Center.
Q5: Why are discount rates changing?
A: Adjustments reflect market liquidity risks for specific tokens.
OKX Team
June 30, 2025