Cryptocurrency exchanges continuously evolve to maintain platform stability, manage risk, and enhance user experience. As part of this ongoing optimization, OKX has announced the upcoming delisting of several margin trading pairs and adjustments to perpetual contract offerings. This strategic move underscores the platform's commitment to risk management and long-term sustainability in a volatile digital asset landscape.
If you're actively involved in leveraged trading or use cross-margin accounts, understanding these changes is crucial to protecting your positions and adjusting your strategy accordingly.
Upcoming Delisting: Key Dates and Affected Pairs
To ensure a smooth transition and minimize disruption, OKX will phase out specific margin trading pairs in early June 2025. The following digital assets will be affected:
BSV, LUNC, BAND, CELR, MOVR, and SWEAT Trading Adjustments
The borrowing function for the listed pairs will be disabled on June 6, 2025, at 5:30 PM (UTC+8). After this point, users will no longer be able to open new leveraged positions or borrow these assets.
Full delisting — including the suspension of margin trading, active orders, and flexible lending services — will occur between June 11 and June 12, 2025, during scheduled maintenance windows from 2:00 PM to 6:00 PM (UTC+8).
Here’s a clear breakdown:
- BSV/USDT, BSV/BTC, LUNC/USDT, BAND/USDT
→ Delisting window: June 11, 2025 - CELR/USDT, MOVR/USDT, SWEAT/USDT
→ Delisting window: June 12, 2025
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During the delisting period, all open orders for these pairs will be canceled, and margin positions must be manually closed. Users with outstanding loans must repay them before the deadline to avoid forced liquidation by the system.
Important: Failure to repay borrowed assets prior to delisting will trigger automatic repayment using available balances. Uncovered deficits may result in partial or full liquidation of collateral.
Risk Management Notice: Act Before the Deadline
Market volatility can amplify risks during transition periods. OKX strongly advises users to close positions proactively rather than waiting for system enforcement.
For example:
- If BSV experiences sudden price swings after borrowing halts but before delisting, leveraged holders could face unexpected margin calls.
- Similarly, users relying on LUNC or MOVR as collateral may see reduced flexibility as liquidity tightens.
Proactive risk mitigation includes:
- Closing open margin positions
- Repaying borrowed assets early
- Transferring holdings to spot or non-margin accounts
- Monitoring portfolio health via the asset dashboard
By acting early, traders preserve control over their exit strategy and reduce exposure to forced liquidation due to unfavorable price movements.
Adjustment of Collateral Discount Rates
In parallel with the delisting plan, OKX is updating its collateral discount rate framework, particularly within cross-margin and multi-currency margin accounts.
What Are Collateral Discount Rates?
In cross-margin trading, multiple cryptocurrencies can serve as collateral. However, not all assets hold equal value stability or liquidity. To account for this variance, exchanges apply a discount rate — effectively reducing the perceived value of less stable coins when calculating margin eligibility.
For instance:
- Bitcoin (BTC) might have a 90% discount rate → $10,000 BTC counts as $9,000 in margin power
- A lower-liquidity token like SWEAT may drop to a 30% or even 0% rate → drastically reducing its utility as collateral
Why Is This Changing?
Due to increased market volatility and reduced trading volume in certain tokens, OKX will gradually reduce the discount rates of delisted assets to 0% during the wind-down phase.
This means:
- These assets will no longer contribute meaningfully to margin capacity
- The effective maintenance margin requirement for portfolios using them as collateral will rise
- Risk of liquidation increases unless users adjust their positions
👉 Access advanced margin tools and real-time risk analytics to stay in control.
User Action Required: Consider replacing deprecated collateral with more liquid assets like USDT, BTC, or ETH. Alternatively, reduce leverage or increase equity to maintain safe margin levels.
How This Affects Your Trading Strategy
These updates signal a broader trend across major exchanges: prioritizing risk resilience over maximum pair availability. While it may seem inconvenient in the short term, such measures protect users from systemic shocks during market downturns.
Strategic Recommendations:
Audit Your Portfolio
- Check if you hold any affected pairs in margin or lending accounts
- Review loan balances and repayment timelines
Reassess Collateral Mix
- Avoid relying heavily on low-cap or low-liquidity tokens for leverage
- Favor high-market-cap assets with stable discount rates
Monitor Platform Announcements
- Follow official OKX channels for future updates on pair listings and risk parameters
- Set calendar reminders for key deadlines
Use Simulation Tools
- Leverage backtesting and margin calculators to model liquidation risks under new rules
Frequently Asked Questions (FAQ)
Q: What happens if I don’t repay my loan before the delisting time?
A: OKX will initiate automatic repayment using your available balance. If insufficient funds exist, your collateral may be partially or fully liquidated to cover the debt.
Q: Can I still trade these coins in spot markets after delisting?
A: Yes — delisting applies only to margin and perpetual contracts. Spot trading may remain available unless separately announced.
Q: Will I lose my tokens if they’re used as collateral?
A: No. Your assets remain in your account. However, their ability to support leveraged positions will diminish as discount rates approach zero.
Q: How can I check current discount rates for my assets?
A: Visit the margin settings page under your account dashboard. OKX provides real-time updates on collateral valuations and health ratios.
Q: Are more pairs likely to be delisted in the future?
A: Exchanges routinely review asset performance. Low liquidity, security concerns, or regulatory developments may prompt future adjustments. Staying informed is key.
Q: Can I transfer my position to another exchange?
A: You can withdraw assets post-repayment. However, ensure the receiving platform supports the same trading features and offers competitive liquidity.
Final Thoughts: Navigating Exchange Policy Changes
Exchange-driven delistings are not signs of market failure — they’re signs of maturation. By removing underperforming or high-risk pairs, platforms like OKX strengthen overall ecosystem health and protect retail investors from disproportionate risk exposure.
Staying compliant and prepared requires vigilance:
- Regularly review your open positions
- Understand how collateral rules impact your leverage
- Use trusted platforms that prioritize transparency
👉 Secure your crypto future with a trusted global exchange built for performance and safety.
As the digital asset space evolves, adaptability becomes one of the most valuable traits for any trader. Whether you're managing a diversified portfolio or focusing on high-leverage strategies, aligning with platform updates ensures long-term success.
By proactively responding to changes like these, you're not just avoiding risk — you're building smarter trading habits that stand the test of volatile markets.
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