The cryptocurrency trading landscape is dynamic, with platforms continuously optimizing their offerings to maintain market integrity and user safety. As part of this ongoing effort, OKX has announced the upcoming delisting of certain perpetual contracts and margin trading pairs involving FITFI and BLOCK. This strategic move aims to mitigate market risks and ensure a seamless trading experience for all users.
This article outlines the complete timeline, procedural details, and key actions traders must take ahead of these changes. We’ll also explain the impact on open positions, borrowing, and account functionality—equipping you with the knowledge needed to navigate this transition smoothly.
📅 Perpetual Contract Delisting Schedule
OKX will officially delist the following USDT-margined perpetual contracts:
- FITFIUSDT
- BLOCKUSDT
Both contracts will be terminated on August 22, 2025, at 4:00 PM (UTC+8).
At this time:
- All trading will cease.
- Open orders will be automatically canceled.
- User positions will be settled using the arithmetic average of the OKX index price from 3:00 PM to 4:00 PM (UTC+8) as the final settlement price.
👉 Stay ahead of market changes with real-time updates and secure trading tools.
Final Settlement & Funding Rate Details
- The funding rate for the final period (4:00 PM) will be set to 0%, meaning no funding payments will be recorded.
- No additional fees—such as delivery or settlement charges—will apply during this process.
- In rare cases where index manipulation is detected, OKX reserves the right to adjust the settlement price to a fair and reasonable level.
Risk Management During Delisting
To protect users:
- If liquidation losses occur after delisting, insurance funds will cover the deficit first.
- Should the insurance fund be insufficient, auto-deleveraging will begin with the most profitable traders.
Additionally:
- Users holding positions valued over $10,000 USD at settlement will face temporary restrictions on asset transfers across their trading accounts.
- These restrictions will last 30 minutes, after which normal operations resume.
✅ Pro Tip: Always monitor your position size and leverage as delisting dates approach. Reducing exposure early can help avoid unexpected volatility impacts.
Historical order records and billing statements will remain accessible post-delisting. Users are encouraged to download their data via the desktop Order Center for future reference.
🔧 Adjustments to Risk Control Parameters
To ensure a stable and orderly delisting process, OKX has updated the price limit rules for both contracts during the final stages.
Price Limit Formula Overview
Price limits are calculated based on the index price and market premium:
Standard Calculation:
First 10 minutes after contract launch:
- Max Price:
Index × (1 + X) - Min Price:
Index × (1 – X)
- Max Price:
After 10 minutes:
- Max Price:
Min[Max(Index, Index × (1 + Y) + avg premium), Index × (1 + Z)] - Min Price:
Max[Min(Index, Index × (1 – Y) + avg premium), Index × (1 – Z)]
- Max Price:
Adjusted Parameters Before Delisting
| Time Before Delisting | X | Y | Z |
|---|---|---|---|
| Final 48 hours | 2% | 2% | 5% |
| Final 30 minutes | 1% | 1% | 2% |
These tighter limits reduce volatility risk as the contract approaches expiration. Note that OKX may make further adjustments if abnormal price deviations occur.
⚖️ Margin Trading and Flexible Lending Termination
In parallel with perpetual contract delisting, OKX is also phasing out margin trading and flexible borrowing for the following pairs:
- FITFI/USDT
- BLOCK/USDT
Key Timeline
| Action | FITFI/USDT | BLOCK/USDT |
|---|---|---|
| Borrowing Suspension | August 14, 2025, 2:00 PM UTC+8 | August 14, 2025, 2:00 PM UTC+8 |
| Full Delisting Window | August 20, 3:00–5:00 PM UTC+8 | August 20, 5:00–7:00 PM UTC+8 |
Each delisting window lasts approximately one hour. During this time:
- Margin trading will be suspended.
- All open market orders will be canceled.
- Borrowing functionality will be disabled.
Critical Reminder for Borrowers
Users who have borrowed FITFI or BLOCK must repay before the delisting window begins. Failure to do so will trigger automatic repayment by the system.
⚠️ Due to potential price swings during this period, forced repayment may result in financial loss. It’s strongly advised to close positions and repay debts proactively.
💰 Token Discount Rate Adjustment
As part of broader risk management, OKX has revised the discount rates for FITFI and BLOCK within cross-margin accounts.
What Is a Discount Rate?
In a multi-currency margin system, different digital assets contribute to your total collateral pool. However, due to varying liquidity and volatility levels, platforms apply a discount rate when converting non-USDT assets into USD-equivalent value.
This protects the system from sudden devaluations and ensures sufficient collateral coverage.
Updated Discount Schedule
| Token(s) | Previous Tier (USD) | Previous Rate | New Tier (USD) | New Rate |
|---|---|---|---|---|
| FITFI, BLOCK | 0 – 50,000 | 50% | Any amount | 0% |
| >50,000 | 0% |
As of this update:
- Both FITFI and BLOCK now have a 0% discount rate across all tiers.
- This means these tokens no longer contribute to margin collateral value in cross-margin mode.
👉 Maximize your margin efficiency with high-liquidity assets and smart risk allocation.
This change emphasizes the importance of maintaining adequate stablecoin or high-rated collateral in volatile market conditions.
❓ Frequently Asked Questions (FAQ)
Q1: What happens to my open FITFI or BLOCK perpetual positions after delisting?
All open positions will be automatically settled using the average index price from 3:00 PM to 4:00 PM (UTC+8) on August 22, 2025. No fees or funding charges will apply.
Q2: Can I still access my trading history after the contract is removed?
Yes. Historical orders, trades, and billing records remain available for download via the desktop Order Center.
Q3: Why are FITFI and BLOCK being delisted?
Delisting decisions are based on market activity, liquidity, and risk assessment. OKX regularly reviews its product suite to ensure platform stability and user protection.
Q4: What should I do if I’ve borrowed FITFI or BLOCK?
Repay your loan before August 20, 2025. If not repaid, the system will initiate forced repayment, which may result in losses due to price fluctuations.
Q5: Does the 0% discount rate mean I can’t use FITFI or BLOCK at all in margin trading?
You can still trade them in isolated margin mode, but they won’t count toward your collateral value in cross-margin accounts.
Q6: Will there be any compensation if I incur losses during delisting?
No direct compensation is provided. However, insurance funds cover systemic shortfalls, and fair settlement prices are used to minimize unfair outcomes.
🔄 Strategic Takeaway for Traders
The delisting of FITFI and BLOCK derivatives reflects OKX’s commitment to responsible risk management. While such transitions are routine in crypto markets, they require proactive planning from traders.
Key actions to take:
- Close or transfer positions before deadlines.
- Repay borrowed assets early.
- Replace low-discount-rate tokens with stronger collateral.
- Monitor official announcements for last-minute updates.
👉 Prepare for future market shifts with advanced risk tools and real-time analytics.
By staying informed and acting early, you can maintain control over your portfolio and avoid unintended exposure during platform adjustments.
This update reinforces the importance of agility in digital asset trading. Markets evolve rapidly—and so must traders. With clear timelines, transparent procedures, and robust safeguards, OKX continues to deliver a secure and efficient trading environment for global users.