Dear OKX Users,
To mitigate market risks and enhance your trading experience, OKX periodically reviews and delists select perpetual contracts and leveraged trading pairs. Below is the detailed delisting schedule:
Perpetual Contracts Delisting Schedule
| Contract Name | Delisting Time (UTC+8) |
|---|---|
| XMRUSDT | Dec 19, 2023, 4:00 PM – 5:00 PM |
| XMRUSD | Same as above |
| DASHUSDT | Same as above |
| DASHUSD | Same as above |
| ZECUSDT | Same as above |
| ZECUSD | Same as above |
| ZENUSDT | Same as above |
Key Delisting Process Details:
- Trading Halt: All open orders will be canceled, and trading will cease at the delisting time.
- Settlement Price: The arithmetic average of OKX’s index price over the hour preceding delisting will be used for settlement.
- Funding Rates: The final funding rate will be set to 0 at 4:00 PM on delisting day. No fees apply during settlement.
- Risk Management: Users are advised to reduce leverage or close positions preemptively due to potential volatility. Uncovered losses will trigger risk reserve compensation or auto-deleveraging.
Post-Delisting: Accounts with settlement values exceeding $10,000 will face a 30-minute transfer restriction.
👉 Learn more about contract settlements
Leverage Trading and Flexible Loans Delisting
| Leverage Pair | Borrowing Halt Time (UTC+8) | Delisting Time (UTC+8) |
|---|---|---|
| ZEC/BTC | Dec 15, 2023, 2:00 PM | Dec 19, 2023, 11:00 AM |
| DASH/BTC | Dec 19, 2023, 12:00 PM | Same as above |
| XMR/USDC | Dec 19, 2023, 2:00 PM | Same as above |
| XMR/BTC | Dec 19, 2023, 3:00 PM | Same as above |
| ZEN/USDT | Dec 19, 2023, 5:00 PM | Same as above |
Important Notes:
- Mandatory Repayments: Borrowed assets must be repaid before delisting to avoid forced liquidation.
- Risk Warning: Volatility may lead to losses during forced closures—close positions manually where possible.
Discount Rate Adjustments for Select Coins
| Coin | Previous Discount Rate (for USD value) | New Discount Rate |
|---|---|---|
| XMR | Tiered (up to 0.8) | 0 |
| DASH | Tiered (up to 0.7) | 0 |
| ZEC | Tiered (up to 0.5) | 0 |
| ZEN | Tiered (up to 0.5) | 0 |
What Are Discount Rates?
Cross-currency margin accounts apply discounts to coin values based on liquidity risks. Post-adjustment, these coins will no longer contribute to margin calculations.
👉 Explore margin trading strategies
FAQ Section
Q1: Why is OKX delisting these contracts?
A1: To manage market risks and maintain a healthy trading environment, OKX periodically evaluates and delists low-liquidity pairs.
Q2: How is the settlement price determined?
A2: The hourly average index price before delisting is used, ensuring fairness.
Q3: What happens to open leverage positions at delisting?
A3: Positions are force-liquidated if not closed manually, potentially incurring losses.
Q4: Can I still access historical trade data post-delisting?
A4: Yes, via the desktop order center for a limited time.
OKX remains committed to delivering exceptional services and innovative products. For further assistance, visit our Help Center.
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