As part of its ongoing commitment to risk management and user protection, OKX has announced the upcoming delisting of several perpetual contracts and leveraged trading pairs. This strategic adjustment aims to enhance platform stability, reduce exposure to low-liquidity assets, and ensure a safer trading environment for all users.
These changes reflect OKX’s proactive approach to maintaining high standards in product quality and market integrity. Traders are advised to review the schedule and take necessary actions before the specified deadlines to avoid unexpected liquidations or restrictions.
Perpetual Contract Delistings
OKX will be delisting the following perpetual contracts on July 4, 2025, at 4:00 PM (UTC+8):
- NCUSDT
- SLERFUSDT
- KNCUSDT
- ALPHAUSDT
At the delisting time:
- Trading for these contracts will cease.
- All open orders will be automatically canceled.
- Positions will be settled using the arithmetic average of the OKX index price over the hour preceding delisting.
👉 Stay ahead of market changes and manage your positions with precision.
Settlement and Funding Details
To ensure a smooth transition:
- The funding rate for the final period will be set to 0, meaning no funding fees will be charged or reflected in your billing records.
- No additional fees, including delivery or settlement fees, will apply during the position closeout process.
In cases where the index price shows signs of manipulation during the final hour, OKX reserves the right to adjust the settlement price to a fair and reasonable level based on market conditions.
Post-Delisting Account Restrictions
After settlement:
- Users holding positions valued at over $10,000 USD equivalent at the time of delisting will face temporary restrictions on asset transfers across their trading accounts.
- These restrictions will last for 30 minutes, after which normal functionality will resume.
This measure is designed to prevent potential system abuse and maintain platform security during critical operational windows.
Accessing Historical Records
Even after delisting, users can still access:
- Historical order records
- Transaction bills
For record-keeping purposes, users are encouraged to download their data via the Order Center on the desktop platform before or shortly after delisting.
Leveraged Trading and Flexible Loan Pair Adjustments
In parallel with perpetual contract updates, OKX is also adjusting its leveraged trading offerings and flexible borrowing services for specific pairs.
| Leveraged Pair | Borrowing Suspension | Delisting Window |
|---|---|---|
| STETH/USDT | June 30, 3:00 PM UTC+8 | July 3, 2:00–6:00 PM UTC+8 |
| SLERF/USDT | June 30, 3:00 PM UTC+8 | July 3, 2:00–6:00 PM UTC+8 |
| KNC/USDT | June 30, 3:00 PM UTC+8 | July 3, 2:00–6:00 PM UTC+8 |
| PRCL/USDT | June 30, 3:00 PM UTC+8 | July 4, 2:00–6:00 PM UTC+8 |
| BCH/BTC | June 30, 3:00 PM UTC+8 | July 4, 2:00–6:00 PM UTC+8 |
| LTC/BTC | June 30, 3:00 PM UTC+8 | July 4, 2:00–6:00 PM UTC+8 |
⚠️ Each delisting process will take approximately 2 hours. During this window, leveraged trading and active borrowing functions will be suspended.
Mandatory Repayment Reminder
Users who have borrowed assets in any of these pairs must repay their loans before the delisting window begins. Failure to do so will trigger an automatic forced repayment by the system.
While this ensures platform stability, it may result in unfavorable execution prices due to market volatility—potentially leading to unexpected losses.
👉 Avoid forced liquidations by managing your leverage positions proactively.
Collateral Discount Rate Adjustments
As part of broader risk mitigation efforts, OKX is adjusting the collateral discount rates for certain assets within cross-margin accounts.
What Are Collateral Discount Rates?
In a cross-margin account, multiple cryptocurrencies can be used together as collateral, with their values converted into USD equivalents. However, due to differences in liquidity and volatility, OKX applies discount factors to each asset when calculating usable margin.
For example:
- A highly liquid coin like BTC might have a discount rate of 5%, meaning 95% of its value counts toward margin.
- A less stable or lower-volume token may face a higher discount—up to 100% (i.e., zero effective margin value).
Upcoming Changes
OKX will gradually reduce the discount rates of certain tokens to 0%, effectively removing them as eligible collateral during the wind-down phase.
This means:
- The effective margin contribution of affected coins will drop to zero.
- Users relying on these assets as collateral may see an increase in their maintenance margin requirements.
- There’s a heightened risk of forced liquidation if positions aren’t adjusted accordingly.
Risk Management Recommendations
To avoid adverse impacts:
- Consider closing or reducing leveraged positions that rely on affected collateral.
- Deposit more stable assets (e.g., USDT, BTC, ETH) to maintain sufficient margin buffer.
- Monitor your portfolio’s health through the risk management dashboard.
Frequently Asked Questions (FAQ)
Q1: Why is OKX delisting these contracts and pairs?
OKX regularly reviews its product lineup to ensure only high-quality, liquid instruments remain available. Delistings help manage systemic risk, improve platform performance, and protect users from potential losses tied to volatile or illiquid assets.
Q2: What happens if I don’t close my position before delisting?
If you hold an open position at delisting time, OKX will automatically settle it using the pre-defined index price. While this guarantees closure, you won’t have control over the exact exit price, which could lead to suboptimal outcomes.
Q3: Will I be charged fees during forced repayment or settlement?
No. OKX does not charge extra fees for delisting-related settlements or forced repayments. However, slippage during forced execution may affect net returns.
Q4: How can I check my current borrowing status?
Log into your OKX account and navigate to the Finance or Loans section under the trading interface. Here, you can view all active borrowings, interest accrued, and repayment deadlines.
Q5: Can I still trade these pairs after borrowing is suspended but before full delisting?
Yes. You can continue spot or leveraged trading until the official delisting window begins. However, you cannot open new borrows after the borrowing suspension time.
Q6: Where can I find historical data after delisting?
All historical orders and transaction records remain accessible via the desktop version of OKX, under the Order Center. It’s recommended to export this data for long-term recordkeeping.
Final Notes and Recommendations
Market dynamics evolve rapidly, and so must trading platforms. OKX's decision to delist certain perpetuals and leveraged pairs is not a reflection of individual asset quality but rather a strategic move to uphold risk discipline and operational excellence.
Core keywords naturally integrated throughout this article include:
perpetual contract delisting, leveraged trading, collateral discount rate, risk management, forced liquidation, margin requirements, borrowing suspension, and position settlement.
👉 Secure your portfolio today—review your positions and stay compliant with upcoming changes.
By staying informed and acting early, traders can navigate these transitions smoothly and continue building resilient strategies in dynamic markets. Always monitor official announcements and leverage OKX’s tools to optimize your trading experience.