To enhance market liquidity and improve user experience, OKX will delist several perpetual futures and margin trading pairs. Below are the detailed adjustments:
Perpetual Futures Delisting Details
| Perpetual Futures Pair | Delisting Time (UTC) |
|---|---|
| FITFIUSDT | August 22, 2024, 8:00 AM |
| BLOCKUSDT | August 22, 2024, 8:00 AM |
Key Actions:
Position Settlement:
All open positions will be settled at the arithmetic average index price between 7:00 AM and 8:00 AM UTC.- Note: OKX may adjust the final settlement price if index anomalies occur.
- Funding Rate:
The funding rate at 8:00 AM UTC on the delisting day will be 0. No funding fees will apply. Risk Management:
- Reduce leverage or close positions preemptively to avoid volatility risks.
- Asset transfers exceeding $10,000 in value will be restricted for 30 minutes post-delisting.
Adjusted Risk Parameters:
- Price Limit Rules:
| Timeframe | Upper Limit (X) | Lower Limit (Y) | Max Deviation (Z) |
|---|---|---|---|
| 48 hours pre-delivery | 2% | 2% | 5% |
| 30 minutes pre-delivery | 1% | 1% | 2% |
Margin Trading Delisting Schedule
| Margin Trading Pair | Loan Function Disabled (UTC) | Delisting Window (UTC) |
|---|---|---|
| FITFI/USDT | August 14, 2024, 6:00 AM | August 20, 2024, 7:00 AM – 9:00 AM |
| BLOCK/USDT | August 14, 2024, 6:00 AM | August 20, 2024, 9:00 AM – 11:00 AM |
Important Notes:
- Loan Repayment: Users must repay all loans before delisting to avoid forced liquidation.
- Trading Suspension: Orders will be canceled during the delisting window (~1 hour per pair).
Discount Rate Adjustments
| Asset | Previous Discount Rate (≤$50k) | New Discount Rate |
|---|---|---|
| FITFI/BLOCK | 0.5% | 0% |
Cross-currency margin accounts will reflect updated USD conversion rates post-delisting.
FAQs
Q1: Why is OKX delisting these pairs?
A1: To optimize market liquidity and align with user demand for high-performance trading instruments.
Q2: What happens to my open positions after delisting?
A2: Positions are automatically settled at the average index price during the specified window.
Q3: Can I trade these pairs after delisting?
A3: No. All trading activity for these pairs will cease permanently post-delisting.
👉 Explore OKX’s updated trading pairs for seamless alternatives.
For historical data, download reports via the OKX Report Center.
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