In a strategic move to enhance market liquidity and deliver a superior trading experience, OKX has announced the upcoming delisting of several margin trading pairs and perpetual futures contracts. This proactive adjustment reflects the platform’s commitment to maintaining a healthy, efficient, and risk-optimized trading environment for all users.
The changes will be rolled out in phases, affecting both perpetual futures and margin trading products. Traders are urged to review their positions, manage risks accordingly, and take necessary actions before the specified deadlines to avoid forced liquidations or transfer restrictions.
Perpetual Futures Delistings
OKX will delist the following perpetual futures contracts on the dates and times indicated (UTC):
- SUSHIUSD – May 16, 2025, 8:00 AM
- YFIUSD – May 16, 2025, 8:00 AM
- NFTUSDT – May 16, 2025, 8:00 AM
- NEOUSD – May 16, 2025, 8:00 AM
- BSVUSD – May 16, 2025, 8:00 AM
- FOXYUSDT – May 21, 2025, 8:00 AM
- ULTIUSDT – May 21, 2025, 8:00 AM
- BUZZUSDT – May 21, 2025, 8:00 AM
- RONUSDT – May 21, 2025, 8:00 AM
- VELOUSDT – May 21, 2025, 8:00 AM
All open orders related to these contracts will be automatically canceled at the time of delisting. Traders holding active positions will have them settled via delivery.
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Settlement and Delivery Process
Positions in the affected perpetual futures will be delivered at the arithmetic average price of the OKX index, calculated over the one hour preceding delisting. In cases where the index price shows abnormal fluctuations during this window, OKX reserves the right to adjust the final delivery price to a fair and reasonable level.
The funding rate at 8:00 AM UTC on the day of delisting will be set to 0%, meaning no funding fees will be applied or recorded for that cycle.
Post-Delisting Transfer Restrictions
To ensure system stability during settlement:
- Users holding positions valued over $10,000 USD at delivery time will face a 30-minute withdrawal freeze immediately after delisting.
- Asset transfers will resume automatically after this period.
- Order history and billing records remain accessible post-delisting. Users can download historical data via the Report Center on the OKX website.
Margin Trading Pair Adjustments
OKX is also adjusting availability for several margin trading pairs. Borrowing functionality for the following pairs will be suspended first, followed by full delisting.
| Margin Trading Pair | Cease Borrowing Time (UTC) | Delisting Time (UTC) |
|---|---|---|
| ELF/USDT | May 14, 2025, 11:30 AM | May 19, 2025, 6:00–10:00 AM |
| LAT/USDT | May 14, 2025, 11:30 AM | May 19, 2025, 6:00–10:00 AM |
| FOXY/USDT | May 14, 2025, 11:30 AM | May 19, 2025, 6:00–10:00 AM |
| ULTI/USDT | May 14, 2025, 11:30 AM | May 19, 2025, 6:00–10:00 AM |
| FLM/USDT | May 14, 2025, 11:30 AM | May 22, 2025, 6:00–10:00 AM |
| ZERO/USDT | May 14, 2025, 11:30 AM | May 22, 2025, 6:00–10:00 AM |
| ZEUS/USDT | May 14, 2025, 11:30 AM | May 22, 2025, 6:00–10:00 AM |
| DUCK/USDT | May 14, 2025, 11:30 AM | May 22, 2025, 6:00–10:00 AM |
Key Actions for Margin Traders
- All open margin orders will be canceled during the delisting window.
- The process may take up to two hours per pair.
- Users must repay all outstanding loans before delisting. Failure to do so will trigger a forced repayment.
- Due to potential price volatility, it is strongly advised to close positions and repay loans in advance.
Risk Control Parameter Updates
To support a smooth transition and mitigate systemic risk during delisting events, OKX will implement temporary adjustments to its risk management framework.
Price Limit Adjustments
Price limits for affected contracts may be dynamically adjusted based on prevailing market conditions prior to delisting. This helps prevent extreme slippage and ensures orderly trading up to the final settlement moment.
Discount Rate Adjustments for Collateral
In multi-currency cross margin mode, various cryptocurrencies can be used as collateral after being converted into USD value—adjusted by a discount rate that reflects each asset’s liquidity and volatility.
New Discount Policy
Effective immediately:
| Max Collateral | Discount Rate |
|---|---|
| Any amount | 0% |
This means that SUSHI, YFI, NFT, NEO, BSV, FOXY, ULTI, BUZZ, RON, VELO, ELF, LAT, FLM, ZERO, ZEUS, and DUCK will no longer carry any discount when used as collateral. Their full market value will be subject to standard volatility buffers.
Risk Warning for Margin Users
As discount rates are phased down to zero:
- The maintenance margin requirement for positions using these tokens as collateral will increase.
- This raises the risk of forced liquidation if equity falls below new thresholds.
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We strongly recommend users:
- Close or reduce exposure in affected pairs.
- Add additional stablecoin or high-liquidity collateral.
- Monitor account health closely in the days leading up to delisting.
Frequently Asked Questions (FAQ)
Q: Why is OKX delisting these trading pairs?
A: Delistings are part of OKX’s ongoing efforts to optimize market quality by removing low-liquidity or underperforming assets. This improves overall trading efficiency and user experience.
Q: What happens to my open perpetual futures positions after delisting?
A: All open positions will be settled at the average index price one hour before delisting. No further trading or funding will occur after that point.
Q: Can I still withdraw funds after my position is delivered?
A: Yes—but if your delivered position exceeds $10,000 USD in value, you’ll face a 30-minute withdrawal hold immediately after settlement. Normal access resumes afterward.
Q: What should I do if I have an active loan in a delisted margin pair?
A: Repay your loan before the delisting window. Unpaid balances will trigger forced repayment. Avoid penalties by acting early.
Q: How do discount rate changes affect my margin account?
A: Lower discount rates mean your collateral is valued less conservatively. This increases maintenance margin requirements and may lead to liquidation if not managed.
Q: Where can I download my trade history?
A: Visit the Report Center on the OKX website to export order history, billing records, and transaction data at any time.
Final Thoughts
Market evolution demands continuous refinement of available instruments. By streamlining its product offerings, OKX ensures traders benefit from deeper liquidity, tighter spreads, and reduced systemic risk.
Affected users are encouraged to act proactively—close positions, repay loans, and adjust collateral strategies—to maintain control over their portfolios.
👉 Access advanced trading features and stay informed on upcoming platform updates.
Remaining informed and agile is key in fast-moving crypto markets. With clear timelines and transparent policies, OKX empowers users to navigate changes confidently and securely.
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