OKX Announces Delisting of Select Leverage and Perpetual Contract Pairs

In an ongoing effort to enhance market stability and deliver a superior trading experience, OKX has announced the planned delisting of certain low-liquidity perpetual contracts and leveraged trading pairs. This strategic move aligns with OKX’s commitment to risk management and user protection in dynamic crypto markets.

The upcoming changes affect specific perpetual contracts and margin trading pairs, with detailed timelines and procedural adjustments outlined below. Users are strongly encouraged to review the schedule and take appropriate action to manage their positions ahead of the delisting dates.

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Perpetual Contract Delisting: DOMEUSDT

The DOMEUSDT perpetual contract will be officially delisted on March 8, 2025, at 16:00 HKT. At this time:

• All trading for this contract will cease.
• Outstanding user orders will be automatically canceled.
• All open positions will be settled using the arithmetic average of the OKX index price during the hour preceding delisting.

In cases where the index price is suspected of manipulation in the final hour before delisting, OKX reserves the right to adjust the final settlement price to a fair and reasonable level based on market conditions.

Notably:

• The funding rate for the cycle ending at 16:00 HKT on delisting day will be set to 0, meaning no funding fee will be applied or recorded.
• No additional fees—including funding or settlement charges—will be incurred during the position liquidation process.

Risk Management Advisory

Market volatility is expected to increase as the delisting date approaches. Traders are advised to:

• Reduce effective leverage.
• Close positions proactively to avoid forced liquidation.

In the event of underwater positions (negative equity) at the time of delisting:

1. The Insurance Fund will first cover any resulting losses.
2. If the Insurance Fund is insufficient, auto-deleveraging (ADL) will be triggered, starting with users who have the highest profitability.

Additionally, users holding DOMEUSDT perpetual positions valued over $10,000 at settlement will face a temporary restriction on asset transfers across their OKX accounts for 30 minutes post-delisting. This measure ensures system integrity during high-risk transitions.

Historical order records and billing statements for DOMEUSDT will remain accessible after delisting. Users are encouraged to download their data via the desktop Order Center for future reference.

Adjustments to Risk Control Parameters

To ensure a smooth delisting process, OKX will implement temporary changes to the price limit mechanism for DOMEUSDT:

The price limit formula is defined as:

• First 10 minutes after contract creation:

  • Upper Limit: Index × (1 + X)
  • Lower Limit: Index × (1 - X)

• After 10 minutes:

  • Upper Limit: Min[Max(Index, Index × (1 + Y) + Avg Premium), Index × (1 + Z)]
  • Lower Limit: Max[Min(Index, Index × (1 - Y) + Avg Premium), Index × (1 - Z)]

Note: OKX may further adjust these parameters if abnormal price deviations occur prior to delisting.

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Delisting of Leveraged Pairs and Flexible Savings

Several leveraged trading pairs and associated flexible borrowing services will also be phased out. The following table outlines key dates:

At each delisting time:

• Margin trading and flexible borrowing will be suspended.
• All open market orders will be canceled.
• Each delisting process will take approximately one hour.

Users with active borrowed assets or collateralized positions must repay their loans before the borrowing suspension time. Failure to do so will result in system-triggered forced repayment, which may lead to losses due to unfavorable market prices.

⚠️ Risk Warning: Given potential market swings, OKX strongly recommends users close positions manually before suspension to avoid adverse outcomes during automated processes.

Adjustment of Collateral Discount Rates

To strengthen cross-margin risk management, OKX has updated discount rates for select cryptocurrencies in multi-currency margin accounts. These assets now have a 0% discount rate, meaning they cannot be used as collateral:

• DOME
• CLV
• SWRV

What Is a Collateral Discount Rate?

In cross-margin mode, users can combine multiple cryptocurrencies as margin. However, due to varying liquidity and volatility, OKX applies discount factors to reflect realistic market conditions and mitigate systemic risk.

For example:

• Previously, DOME had a 50% discount rate for holdings up to $50,000.
• Now, all tiers are set to 0%, effectively removing these coins from eligible collateral.

This adjustment ensures that only stable, high-liquidity assets support leveraged positions—reducing the chance of cascading liquidations during market stress.

Core Keywords

Perpetual contract delisting, leveraged trading pairs, margin account risk, collateral discount rate, crypto borrowing suspension, OKX risk management, forced repayment, auto-deleveraging

Frequently Asked Questions (FAQ)

Q1: Why is OKX delisting these contracts and pairs?

OKX regularly reviews asset liquidity and market health. Low-volume or unstable pairs pose higher risks to traders and the platform. Delisting them protects users and maintains market integrity.

Q2: What should I do if I have an open DOMEUSDT position?

Close your position before March 8, 2025, at 16:00 HKT. If not, it will be settled automatically using the pre-defined index average price.

Q3: Will I be charged fees during forced repayment?

No direct fees are applied, but repaying at unfavorable market prices may result in financial loss. Always manage your exposure proactively.

Q4: Can I still view my trading history after delisting?

Yes. Historical orders and bills for delisted pairs remain accessible via the desktop Order Center. Export your data promptly for record-keeping.

Q5: Why were discount rates set to zero?

Cryptocurrencies like DOME, CLV, and SWRV currently exhibit low liquidity or high volatility. Setting their discount rate to zero prevents over-leveraging and enhances overall account safety.

Q6: How does auto-deleveraging work?

If the Insurance Fund can’t cover losses from underwater positions, the system reduces profitable positions—starting with the most profitable—to restore balance.

OKX remains committed to providing a secure, transparent, and user-focused trading environment. By proactively managing risk through measures like strategic delistings and collateral adjustments, the platform continues to prioritize long-term user success.

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