As part of its ongoing commitment to maintaining a secure, efficient, and high-performing trading environment, OKX has announced the delisting of several cryptocurrency pairs from its perpetual contract and margin trading services. This includes popular pairs such as DOMEUSDT, CLV-USDT, and others, which will be gradually phased out across multiple service tiers including leveraged trading, flexible lending, and perpetual futures contracts.
These changes reflect OKX’s proactive risk management approach in response to shifting market dynamics, liquidity considerations, and asset performance trends. Traders are advised to take necessary actions before the specified deadlines to avoid unexpected positions or forced liquidations.
📉 Perpetual Contract Delisting: Key Details for DOMEUSDT
The DOMEUSDT perpetual contract will be officially delisted on March 8, 2023, at 16:00 HKT. At this time:
- All open orders will be automatically canceled.
- Trading for this pair will cease immediately.
- User positions will be settled using the arithmetic average of the OKX index price over the hour preceding delisting.
In cases where the index price shows signs of manipulation or abnormal fluctuations during that final hour, OKX reserves the right to adjust the final settlement price to a fair and reasonable level to ensure equitable treatment for all users.
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Settlement & Fee Policy
To minimize friction during the transition:
- The funding rate for the final period (at 16:00 HKT) will be set to 0, meaning no funding fees will be charged or recorded.
- No delivery fees or additional charges will apply during the position settlement process.
This transparent fee structure ensures users can plan their exits without unexpected cost implications.
Risk Management During Delisting
Given potential volatility leading up to delisting, OKX strongly recommends users:
- Reduce leverage exposure.
- Close positions proactively rather than waiting for automatic settlement.
In the event of liquidation losses exceeding available margin, the platform will first use its insurance fund to cover deficits. If the insurance fund is insufficient, auto-deleveraging (ADL) will be triggered — starting with the most profitable traders.
Additionally:
- Users holding DOMEUSDT perpetual positions valued over $10,000 USD at settlement will face temporary restrictions on asset transfers across their account for 30 minutes post-delivery.
- Historical order records and billing statements remain accessible after delisting. Users are encouraged to download data via the desktop Order Center for personal backup.
🔧 Adjustments to Risk Control Parameters
To ensure orderly market behavior during the wind-down phase, OKX has implemented temporary adjustments to the price limit mechanism for DOMEUSDT perpetual contracts.
Updated Price Limit Rules
| Time Before Delisting | X (%) | Y (%) | Z (%) |
|---|---|---|---|
| 48 hours | 2 | 2 | 5 |
| Final 30 minutes | 1 | 1 | 2 |
Where:
For the first 10 minutes after contract creation:
- Max Price = Index × (1 + X)
- Min Price = Index × (1 – X)
After 10 minutes:
- Upper bound = Min[Max(Index, Index × (1+Y) + Avg premium over last 10 min), Index × (1+Z)]
- Lower bound = Max[Min(Index, Index × (1–Y) + Avg premium over last 10 min), Index × (1–Z)]
⚠️ Note: These parameters may be further adjusted if significant price deviations occur prior to delisting.
These tighter limits help prevent excessive volatility and protect traders during the final stages of contract life.
💸 Margin Trading & Flexible Lending Discontinuation
Multiple spot margin trading pairs and associated flexible lending services will also be discontinued. Below is a clear timeline of key events:
Upcoming Cutoffs for Margin and Lending Services
DOME-USDT
- Borrowing disabled: March 3, 2023, 14:00 HKT
- Full delisting: March 8, 2023, 14:00 HKT
CLV-USDT
- Full delisting: March 8, 2023, 16:00 HKT
BADGER-BTC
- Full delisting: March 8, 2023, 18:00 HKT
SWRV-USDT
- Full delisting: March 9, 2023, 14:00 HKT
ZRX-BTC, RVN-BTC
- Delisted on March 9 at 16:00 and 18:00 HKT respectively
REN-BTC
- Borrowing paused: March 9, 14:00 HKT
- Full delisting: March 13, 15:00 HKT
MKR-BTC, ELF-BTC, SNT-BTC
- Final delisting times between March 13–14, up to 17:00 HKT
Each delisting process takes approximately one hour. During this window:
- All active market orders are canceled.
- Borrowing functionality is suspended.
- Users must repay borrowed assets before delisting; otherwise, system-initiated forced repayment will occur.
Failure to repay may result in losses due to unfavorable market prices during forced closure.
👉 Maximize your margin efficiency with smarter borrowing and repayment strategies.
📊 Cross-Margin Discount Rate Adjustments
To align with current market conditions and liquidity profiles, OKX has updated the discount rates for certain cryptocurrencies under its cross-margin account mode.
Updated Discount Rates for DOME, CLV, and SWRV
| USD Tier | Previous Discount Rate | New Discount Rate |
|---|---|---|
| $0 – $50,000 | 50% | 0% |
| Above $50,000 | 0% | — |
This means these assets will no longer contribute any value toward margin requirements in cross-margin mode.
Why Discount Rates Matter
In cross-margin accounts, users pool multiple crypto assets as collateral. However, due to differences in volatility, liquidity, and market depth, not all coins are treated equally. The discount rate reduces an asset’s notional value to reflect its risk profile when calculating usable margin.
For example:
- Previously, $40,000 worth of DOME counted as $20,000 in margin (at 50%).
- Now, it contributes $0 toward margin capacity.
This adjustment enhances platform stability and protects users from systemic risks tied to low-liquidity or highly volatile assets.
Learn more about how discount rates affect your trading power at OKX Futures Discount Rate Page.
❓ Frequently Asked Questions (FAQ)
Q: Why is OKX delisting these perpetual and margin pairs?
A: Delistings are based on comprehensive evaluations of trading volume, liquidity, market demand, and overall ecosystem health. Assets showing sustained low activity or increased risk are periodically reviewed for removal to maintain platform integrity.
Q: What happens if I don’t close my position before delisting?
A: All open positions will be automatically settled at the official delisting price. While there are no extra fees, you lose control over exit timing — which could lead to suboptimal pricing or losses during volatile conditions.
Q: Can I still view my trade history after delisting?
A: Yes. Historical orders and transaction records remain accessible through the desktop version of OKX. We recommend downloading your data for long-term recordkeeping.
Q: Will I be charged for forced repayment of borrowed funds?
A: While there is no direct fee for forced repayment, you may incur losses if the system sells your collateral at a lower market price to cover your debt. Always monitor your loan status closely.
Q: Are other trading modes (like spot) affected?
A: This announcement only affects margin trading, flexible lending, and perpetual contracts. Spot trading for these pairs may continue unless separately announced.
Q: How can I stay informed about future delistings?
A: Enable notifications in your OKX app settings and regularly check the official announcements page. Proactive awareness helps you manage portfolios effectively.
Final Thoughts
Market evolution requires constant refinement of available financial instruments. By delisting underperforming or high-risk assets like DOME, CLV, and others from leveraged products, OKX reinforces its mission to provide a safe, reliable, and sustainable trading ecosystem.
Traders should use this update as a reminder to regularly assess their exposure, understand platform policies, and act promptly when changes are announced.
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