OKX to Delist Several Margin Trading Pairs and Perpetual Futures

In a strategic move to enhance market liquidity and improve the overall user experience, OKX has announced the delisting of several margin trading pairs and perpetual futures contracts. This decision reflects the platform's ongoing commitment to maintaining a healthy trading environment by focusing on high-performance assets and optimizing risk management across its services.

The changes will affect both perpetual futures and margin trading, with specific timelines and adjustments designed to ensure a smooth transition for users. Below is a comprehensive breakdown of the upcoming updates, including key dates, procedural details, and essential risk management recommendations.

Perpetual Futures Delisting Schedule

OKX will officially delist the following perpetual futures contracts on July 4, 2025, at 8:00 AM UTC:

• NCUSDT
• SLERFUSDT
• KNCUSDT
• ALPHAUSDT

Once delisted, all active trades related to these pairs will be terminated. Any open orders remaining in the order book will be automatically canceled. Traders holding positions in these contracts should take appropriate action ahead of the deadline to manage exposure.

👉 Discover how to optimize your futures strategy before delisting deadlines

Final Settlement & Delivery Process

Positions in the affected perpetual futures will be settled based on the arithmetic average price of the corresponding OKX index, calculated over the one hour preceding delisting (i.e., from 7:00 AM to 8:00 AM UTC).

In cases where the index price shows abnormal fluctuations during this window, OKX reserves the right to adjust the final settlement price to a fair and reasonable level to ensure equitable delivery.

Additionally, the funding rate at the moment of delisting (8:00 AM UTC) will be set to 0%, meaning no funding fees will be charged or credited for that cycle.

Post-Delisting Asset Transfer Restrictions

To maintain platform stability during the transition:

• Users holding positions valued at over $10,000 USD at the time of delivery will face a 30-minute restriction on transferring assets out of their trading accounts.
• Normal withdrawal functionality will resume automatically after this brief holding period.
• All order history and billing records will remain accessible post-delisting. Users can download transaction reports via the Report Center on the OKX website for personal record-keeping.

Risk Control Adjustments

To mitigate volatility risks leading up to delisting, OKX may dynamically adjust price limit mechanisms based on real-time market conditions. If significant deviations occur between contract prices and index values, expanded or modified price bands may be applied temporarily.

Margin Trading Pair Adjustments

A separate set of changes applies to selected margin trading pairs, involving both the suspension of borrowing features and full delisting.

Key Dates

At the specified delisting times, OKX will:

• Suspend all margin trading and flexible loan functions for the listed pairs.
• Cancel any open margin orders.
• Complete the suspension process over approximately two hours per pair.

Users with outstanding borrowings or collateral tied to these pairs must repay loans before the delisting window. Failure to do so may trigger a forced repayment.

Risk Warning: Discount Rate Adjustments

An important update affects multi-currency cross margin accounts. To better manage systemic risk, OKX is adjusting the collateral discount rates for certain tokens.

New Discount Policy

All affected tokens will see their maximum collateral value discount rate reduced to 0%. This means:

• These assets will no longer be discounted when used as margin.
• Their full USD valuation will still be considered, but with tighter risk controls.
• The maintenance margin requirement may increase as a result.

This change aims to balance risks arising from varying levels of market liquidity across different cryptocurrencies.

👉 Learn how cross margin discounts impact your leverage and liquidation risk

Why This Matters

As discount rates decline toward zero:

• The effective margin provided by these tokens decreases.
• Users relying on them as collateral may face higher chances of forced liquidation if positions are not adjusted.
• Volatility in underlying prices could accelerate margin calls.

To avoid adverse outcomes, users are strongly advised to:

• Close or reduce positions early.
• Repay borrowings promptly.
• Add additional stable collateral if necessary.

Frequently Asked Questions (FAQ)

Q: Why is OKX delisting these trading pairs?
A: Delistings are part of OKX’s continuous effort to improve market liquidity and user experience by focusing on high-demand, high-liquidity assets. Low-utilization or volatile pairs are periodically reviewed for removal.

Q: What happens to my open positions after delisting?
A: Open perpetual futures positions will be settled at the average index price one hour before delisting. For margin pairs, open orders will be canceled, and any unpaid loans may result in forced repayment.

Q: Can I still access my trade history after delisting?
A: Yes. All historical data, including order records and billing statements, remains available through the Report Center on OKX.

Q: How does the discount rate change affect my margin account?
A: A reduction to a 0% discount rate increases the maintenance margin requirement. This can raise liquidation risk if your account lacks sufficient buffer. Consider adjusting your position or adding more stable collateral.

Q: Will I be charged funding fees on the day of delisting?
A: No. The funding rate is set to 0% at the time of delisting, so no funding fees will be applied for that cycle.

Q: How can I prepare for these changes?
A: Review your current holdings and open positions. Close or transfer exposures before deadlines. Monitor your margin usage and repay any loans in affected pairs ahead of time.

Final Thoughts

These updates underscore OKX’s proactive approach to maintaining a secure, efficient, and user-focused trading ecosystem. By streamlining its offerings and reinforcing risk parameters, the platform ensures long-term sustainability and performance for traders worldwide.

Staying informed about upcoming changes allows users to act decisively—protecting capital and optimizing strategies in response to evolving market conditions.

👉 Stay ahead of platform updates with real-time alerts and risk tools

By aligning with these adjustments early, traders can minimize disruptions and continue building resilient portfolios on one of the most trusted digital asset platforms today.