Dear OKX Users,
To mitigate market risks and provide a better trading experience, OKX will periodically delist certain leveraged trading pairs. The specific delisting schedule is as follows:
1. Leveraged Trading & Flexible Savings Adjustments
| Trading Pair | Borrowing Halt Time (UTC+8) | Delisting Window (UTC+8) |
|---|---|---|
| KISHU/USDT | September 12, 2024, 14:00 | September 19, 2024, 15:00 – 17:00 |
👉 Secure your positions before the deadline
Key Actions Required:
- Service Suspension: Leveraged trading and flexible savings for KISHU/USDT will be paused during the delisting window.
- Order Cancellation: All open leverage orders will be automatically canceled.
- Repayment Deadline: Users with outstanding loans must repay before delisting to avoid forced repayment by the system (processing takes ~1 hour).
⚠️ Risk Notice: Due to potential market volatility, manually close positions before delisting to minimize liquidation risks.
2. Collateral Discount Rate Updates
| Token | Previous Discount Rate (≤$50K) | Updated Discount Rate |
|---|---|---|
| KISHU | 0.5 | 0 (All tiers) |
Implications:
- Collateral Value: KISHU holdings will no longer contribute to cross-margin calculations.
- LTV Management: Adjust collateral promptly to maintain safe loan-to-value ratios and avoid liquidation.
🔍 About Discount Rates:
Platforms apply asset-specific discounts to USD valuations based on liquidity risks. Learn more 👉 OKX Discount Rate Policy.
FAQ Section
Q1: What happens if I don’t repay my KISHU loan before delisting?
A: The system will forcibly repay using your available assets, potentially at unfavorable rates during volatile markets.
Q2: Can I still trade KISHU after leverage delisting?
A: Spot trading remains unaffected unless announced otherwise.
Q3: Why was KISHU’s collateral discount reduced to 0?
A: This reflects lowered liquidity confidence; diversify collateral to mitigate risk.
👉 Explore alternative trading strategies
OKX remains committed to enhancing product quality and user experience. For further assistance, contact our 24/7 support team.
OKX Team
September 12, 2024
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