OKX to Delist Multiple Perpetual Contracts and Leveraged Pairs in Mid-to-Late May

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The cryptocurrency exchange OKX has announced a series of upcoming adjustments to its trading products, including the delisting of several perpetual contracts and leveraged trading pairs. These changes, scheduled for implementation between May 16 and May 22, 2025, are part of the platform’s ongoing risk management strategy aimed at maintaining market stability and enhancing user security.

This move reflects broader industry trends where major exchanges proactively streamline their offerings in response to shifting market conditions, asset liquidity, and user demand. For traders and investors, understanding these updates is crucial for effective portfolio and risk management.

Upcoming Delistings: Key Dates and Assets

OKX will phase out certain trading products in two stages across three separate dates. The affected assets span both perpetual contracts and leveraged pairs, with some also impacting flexible lending services.

Perpetual Contracts Delisting Schedule

On May 16, 2025, OKX will terminate the following perpetual contracts:

An additional seven perpetual contracts will be delisted on May 21, 2025, as part of the second wave. While not all names were specified in the announcement, this round further reduces exposure to lower-volume or higher-volatility derivatives.

All open positions in these contracts will be automatically settled using the arithmetic average price from the last hour of trading. Notably, there will be no funding fees or settlement fees applied during this process, reducing potential cost burdens on users.

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Leveraged Pairs and Lending Service Adjustments

In parallel, OKX is adjusting its leveraged trading offerings. Two batches of leveraged pairs will be delisted on:

Among the confirmed pairs being removed are:

These assets will no longer be available for margin trading after their respective delisting dates. Additionally, the flexible lending service for these tokens will also be discontinued, meaning users can no longer deposit them for yield generation.

Users holding active loans or leveraged positions are strongly advised to close or adjust their exposure before the deadlines to avoid forced liquidations.

Risk Management Rationale Behind the Changes

The decision to delist these products stems from OKX’s commitment to market risk control. Over time, some trading pairs experience declining liquidity, increased volatility, or reduced user interest—factors that can amplify systemic risks during periods of market stress.

By removing underperforming or high-risk instruments, OKX aims to:

Moreover, the platform will adjust collateral discount rates for certain tokens to 0%, effectively disqualifying them from use as margin collateral. This increases the urgency for users to review their current holdings and positions.

Impact on Traders and What You Should Do

If you're currently trading or holding any of the affected assets, immediate action is recommended.

Steps to Take Before Delisting Dates:

  1. Close open positions in the listed perpetual and leveraged pairs.
  2. Withdraw lent assets from flexible lending pools before services are suspended.
  3. Reassess collateral usage—tokens with a 0% discount rate can no longer secure margin trades.
  4. Monitor price movements closely, as delisting announcements often lead to short-term volatility.
  5. Diversify exposure into more liquid and supported trading pairs on OKX.

Failure to act may result in automatic liquidation or suboptimal settlement prices, especially if markets move sharply in the final hours before delisting.

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Frequently Asked Questions (FAQ)

Why is OKX delisting these perpetual contracts and leveraged pairs?

OKX periodically reviews its product suite to ensure alignment with market conditions, liquidity standards, and risk management protocols. Assets with low trading volume or high volatility are often candidates for delisting to protect user interests and maintain platform integrity.

How will my open position be settled?

All open positions in delisted perpetual contracts will be closed based on the arithmetic average price over the final trading hour. No funding fees or settlement fees will apply during this process.

What happens if I don’t close my leveraged position before delisting?

If you fail to close your leveraged position before the deadline, OKX will automatically liquidate it according to predefined rules. This could result in losses, especially during volatile market conditions.

Can I still trade the underlying spot pairs after delisting?

Yes, unless otherwise announced, spot trading for these tokens (e.g., SUSHI/USDT, ELF/USDT) may remain available even after perpetual and leveraged pairs are removed. Always check the official OKX trading pair list for confirmation.

Will the collateral discount rate changes affect other tokens?

The current announcement specifies adjustments for certain tokens linked to the delisted products. However, OKX reserves the right to update collateral parameters across its platform based on market dynamics. Users should regularly review margin requirements.

Is this a sign that these tokens are failing?

Not necessarily. Delisting from derivative markets doesn't reflect directly on a project’s long-term viability. It often indicates that the asset no longer meets specific thresholds for leveraged or futures trading due to liquidity or volatility concerns.

Strategic Implications for the Crypto Market

This round of delistings highlights a maturing crypto ecosystem where exchanges prioritize responsible innovation over unchecked expansion. As regulatory scrutiny intensifies globally, platforms like OKX are adopting more conservative risk postures—particularly in derivatives markets, which have historically contributed to extreme price swings and user losses during downturns.

For investors, this serves as a reminder to:

It also underscores the importance of using platforms that offer transparent communication, predictable delisting schedules, and fair settlement mechanisms—all of which OKX has demonstrated in this update.

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Final Thoughts

OKX’s planned delisting of select perpetual contracts and leveraged pairs in mid-to-late May 2025 is a proactive step toward stronger risk governance. While such changes require user adaptation, they ultimately contribute to a safer, more sustainable trading environment.

By staying informed and taking timely action, traders can navigate these transitions smoothly and continue building resilient crypto portfolios.

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